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ECB monetary policy in the recession: a New Keynesian (old monetarist) critique

Robert L. Hetzel

No 13-07, Working Paper from Federal Reserve Bank of Richmond

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 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac, nep-mon and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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