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When estimating DSGE models, the number of observable economic variables is usually kept small,...

Dynamic factor models and dynamic stochastic general equilibrium (DSGE) models are widely used...

China''s financial prices are informative enough for the PBC to introduce a monetary policy...

Numerous empirical studies have found that the strength of the interest rate pass-through varies...

Despite growing interest among policymakers, there is no theory of independent fiscal...

Food prices are generally excluded from measures of inflation most closely watched by...