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Published in 2017 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100517000414
Abstract: This paper analyzes the dynamical properties of monetary models with regime switching. We start with the analysis of the evolution of inflation when policy is guided by a simple monetary rule where coefficients switch with…
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Keywords:
stability generalized;
generalized taylor;
taylor rule;
rule ... See more keywords