Blar i Norges Banks vitenarkiv på forfatter "Sanjani, Marzie Taheri"
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Output Gap, Monetary Policy Trade-Offs and Financial Frictions
Furlanetto, Francesco; Gelain, Paolo; Sanjani, Marzie Taheri (Working Papers;8/2017, Working paper, 2017)This paper investigates how the presence of financial frictions and financial shocks changes the definition and the estimated dynamics of the output gap in a New Keynesian model. Financial shocks absorb explanatory power ...