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Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Identification"

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A new approach to measuring economic policy shocks, with an application to conventional and unconventional monetary policy

Inoue, Atsushi; Rossi, Barbara, 1971- (2021-04)

We propose a new approach to analyze economic shocks. Our new procedure identi es economic shocks as exogenous shifts in a function; hence, we call them "functional shocks". We show how to identify such shocks and how to ...

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