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Monetary policy models: lessons from the Eurozone crisis

Economics

Monetary policy models: lessons from the Eurozone crisis

P. J. Gutiérrez-diez and T. Pál

This groundbreaking research by Pedro J. Gutiérrez-Diez and Tibor Pál explores the paradox of expansionary monetary policies amidst shrinking credit flows and stagnant economic activity in the Eurozone post-2007 crisis, utilizing a dynamic general equilibrium model to unpack the intricate web of debt-deflation dynamics.

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