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Financial Depth And The Asymmetric Impact Of Monetary Policy
This paper investigates the importance of financial depth in evaluating the asymmetric impact of monetary policy on real output over the course of the US business cycle. We show that monetary policy has a significant impact ...
Regime Dependent Effects of Inflation Uncertainty on Real Growth: A Markov Switching Approach
We empirically investigate the effects of inflation uncertainty on output growth for the United States between 1960 and 2012. Modeling output dynamics within a Markov regime switching framework, we provide evidence that ...