Working Paper
ECB monetary policy in the recession: a New Keynesian (old monetarist) critique
Abstract: Use of the New Keynesian model to identify shocks points to contractionary monetary policy as the cause of the Great Recession in the Eurozone.
Keywords: Monetary policy; Recessions; Keynesian economics;
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Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Working Paper
Publication Date: 2013
Number: 13-07