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transmission mechanism

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CEP Discussion Paper
Pushing On a String: US Monetary Policy is Less Powerful in Recessions Silvana Tenreyro and Gregory Thwaites
May 2013
Paper No' CEPDP1218:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; E32

Tags: asymmetric effects of monetary policy; transmission mechanism; recession; durable goods; local projection methods