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Crucial Role of Monetary Policy in Economic Upturn

Publisher: Springer
Year: 2000
Weight: 140 KB
Volume: 37
Category: Article
ISSN: 0343-754X
DOI: 10.1007/s101600000058

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## Abstract This paper uses the empirical framework for formulating and estimating forward looking monetary policy rules developed in Clarida, Gali and Gertler (1998, 1999, 2000, 2001) and Clarida (2000) to assess what we know, don't know, and can't tell about monetary policy making in an open econ