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

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

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  • Fornaro, Luca; Wolf, Martin (2022-09)
    We provide a framework in which monetary policy affects firms’ automation decisions (i.e. how intensively capital and labor are used in production). This new feature has far-reaching consequences for monetary policy. ...

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