Debortoli, Davide

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  • Seminario de Macroeconomía – Nonlinear Monetary Policy Tradeoffs

    Eventos |

    Abstract: We measure the inflation-unemployment tradeoff associated with monetary easing and tightening, during booms and recessions, using a novel nonlinear Proxy-SVAR approach. We find evidence of significant nonlinearities for the U.S. economy (1973:M1 - 2019:M6): stimulating…