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The role of house prices in the monetary policy transmission mechanism in small open economies

✍ Scribed by Hilde C. Bjørnland; Dag Henning Jacobsen


Book ID
116647897
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
680 KB
Volume
6
Category
Article
ISSN
1572-3089

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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