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Sources of the Great Moderation: Shocks, Frictions, or Monetary Policy?

  • Zheng Liu

    (Federal Reserve Bank of San Francisco)

less nominal rigidities than those suggested in the literature.

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Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 379.

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Date of creation: 2009
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Handle: RePEc:red:sed009:379
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  37. Christopher A. Sims & Tao Zha, 2004. "Were there regime switches in U.S. monetary policy?," Working Paper 2004-14, Federal Reserve Bank of Atlanta.
  38. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
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  49. Zheng Liu & Daniel F. Waggoner & Tao Zha, 2007. "Expectation Effects of Regimes Shifts in Monetary Policy," Kiel Working Papers 1357, Kiel Institute for the World Economy.
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