Browsing Department of Economics by Author "7b010369-70e9-4077-a814-186738e55810"
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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 ...