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The Taylor principle and (in-)determinacy in a New Keynesian model with hiring frictions and skill loss
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The Taylor principle and (in-)determinacy in a New Keynesian model with hiring frictions and skill loss
The Taylor principle and (in-)determinacy in a New Keynesian model with hiring frictions and skill loss
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November 2010
Rannenberg, A.
Working Paper N° 208
JEL classification:
E24
E52
E32
J64
Keywords:
monetary policy rules
Taylor principle
determinacy
hysteresis
skill decay
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