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Sectoral Inflation Dynamics and Determinacy: The Role of Forward-looking Rules
This study investigates equilibrium determinacy in a two-sector behavioral New Keynesian model, allowing for heterogeneous cognitive …
Daisuke Ida, Mitsuhiro Okano
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Monetary Policy and Natural Disasters: An Extension and Simulation Analysis in the Framework of New Keynesian Macroeconomic Model
In this paper, we show that how monetary policy should respond in the aftermath of a rare but large-scale natural disaster such as …
Mitsuhiro Okano
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