Working Paper – ECB Monetary Policy in the Recession

by Sabrina I. Pacifici on August 7, 2013

ECB Monetary Policy in the Recession: A New Keynesian (Old Monetarist) Critique by Robert L. Hetzel, Federal Reserve Bank of Richmond

“Use of the New Keynesian model to identify shocks points to contractionary monetary policy as the cause of the Great Recession in the Eurozone.”

Previous post:

Next post: