Abstract:
We show that a monetary conditions index in unlikely to be a useful operational policy tool unless numerous assumptions are satisfied by the empirical model from the MCI is dirived.
More papers in Memorandum from Oslo University, Department of Economics Address: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway Contact information at EDIRC. Series data maintained by Rhiana Bergh-Seeley ().
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