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Browsing by Subject "minimum distance estimation"
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Title:Fleshing Out the Monetary Transmission Mechanism: Output Composition and the Role of Financial Frictions
Author(s):MEIER, André; MÜLLER, Gernot J.Date:2006Type of Publication:ArticleAbstract:Financial frictions affect the way in which different macroeconomic series respond to a monetary policy shock. We embed the financial accelerator of Bernanke, Gertler, and Gilchrist (1999) into a medium-scale DSGE model ...