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Empirical Evaluations of the U.S. and Canadian Monetary Policies and the Associated Causal Linkages
unit roots cointegration vector error correction model target interest rate,
2011/8/21
This study examined the effectiveness of U.S. and Canadian monetary policies. The study employed the methodology of multivariate cointegration and the estimation of Vector Error Correction Model (VECM...
Structural Distortions and Decentralized Fiscal Policies in EMU
discretionary monetary policy wagerigidity,decentralized fi scal policy monetary union infl ation targets debt targets
2011/8/21
The combination of discretionary monetary policy, labor-market distortions, and nominal wage rigidity yields excessive inflation as monetary policy tries to exploit nominal wage contracts to address l...
INSURANCE POLICIES FOR MONETARY POLICY IN THE EURO AREA
monetary policy model uncertainty policy parameters investigate the implications
2011/8/21
In this paper, we aim to design a monetary policy for the euro area that is robust to the high degree of model uncertainty at the start of monetary union and allows for learning about model probabilit...
To fee or not to fee: Pricing policies in financial counseling
Pricing Financial advisor Financial counseling
2011/8/21
Pricing represents a key variable in the financial advisory industry. For this reason we investigate the possibility of identifying the type of advisory provided by making use of the pricing policy th...