 | Endogenous Monetary Policy Credibility in a Small Macro Model of Israel Author/Editor: Eyal Argov, David Rose, Philippe D Karam, Natan P Epstein, Douglas Laxton. Release Date:August, 2007 This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation-output process that arise from convexity in the Phillips curve and endogenous monetary more...
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