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Monetary policy with heterogeneous households and imperfect risk-sharing

✍ Scribed by Lee, Jae Won

Book ID
122090356
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
856 KB
Volume
17
Category
Article
ISSN
1096-0929

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✍ Jesper LindΓ©; Marianne NessΓ©n; Ulf SΓΆderstrΓΆm πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 558 KB

## Abstract We develop a structural model of a small open economy with gradual exchange rate pass‐through and endogenous inertia in inflation and output. We then estimate the model by matching the implied impulse responses with those obtained from a VAR model estimated on Swedish data. Although our