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Title:A Model for Ordinal Responses with an Application to Policy Interest Rate Author(s):SIRCHENKO, AndreiDate:2012Type:Working PaperSeries/Number:Economics Education and Research Consortium (EERC) Working Papers; E12/13Abstract:The decisions to reduce, leave unchanged, or increase (the price, rating, policy interest rate, etc.) are often characterized by abundant no-change outcomes that are generated by different processes. Moreover, the positive ...