Working Paper – ECB Monetary Policy in the Recession
beSpacific 2013-08-07
Summary:
ECB Monetary Policy in the Recession: A New Keynesian (Old Monetarist) Critique by Robert L. Hetzel, Federal Reserve Bank of Richmond “Use of the New Keynesian model to identify shocks points to contractionary monetary policy as the cause of the Great Recession in the Eurozone.”
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