 | The Monetary Policy Credibility Channel and the Amplification Effects in a Semi-structural Model Author/Editor: Thitipat Chansriniyom, Natan P Epstein, Valeriu Nalban. Release Date:September, 2020 The paper extends a standard semi-structural model to account for nonlinear and asymmetric effects of monetary policy credibility. In our setting, central bank credibility is proportional to the more...
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