Browsing by Author "1c0cedb4-dc9e-4ac5-b7a6-f08768e0dca0"
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Stop-Go Monetary Policy
Chappell, Henry; Harris, Mark N.; McGregor, Rob Roy; Spencer, Christopher (American University of Sharjah, 2018)We propose and estimate several discrete choice models of monetary policy decision-making that feature time-varying inertia. The models permit us to account for three stylized facts characterizing monetary policy making ...