Evaluating Monetary Policy Counterfactuals: (When) Do We Need Structural Models?
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To evaluate the evolution of the macro-economy under alternative assumptions on monetary policy, it suffices, under weak structural assumptions, to know the causal effects of monetary shocks on macroeconomic outcomes. The existing empirical literature estimates the effects of monetary shocks to the
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美国国家经济研究局创建时间：
2024-09-01
