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MPC Heterogeneity in Europe: Sources and Policy Implications

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NBER2018-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25082
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This paper studies the implications of household financial choices for the effects of monetary policy on consumption. Based on data from four major euro area countries, the paper estimates the key structural parameters using a simulated method of moments approach to match moments related to asset
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2018-09-01
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