Aruoba, S. Boragan; Waller, Christopher J.; Wright, Randall - Federal Reserve Bank of St. Louis - 2009
-form literature. The analysis reduces the previously large gap between mainstream macro and monetary theory. … reduces the gap between
monetary theory and mainstream macro .
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We thank David Andolfatto, Paul Beaudry, Gabriele Camera … theory. We show here that they also matter for quantitative analysis.
We use the two-sector model in Lagos and Wright (2005 …