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28 Jul 2019
Explain why structural models are generally superior to reduced-form models. 2. Describe the types of evidence that can strengthen researchersâ conviction that a reduced-form model has the direction of causation right, say, from money (M) to output (Y). 3. Describe the evidence that money matters. 4. List and explain several important monetary policy transmission mechanisms.
Explain why structural models are generally superior to reduced-form models. 2. Describe the types of evidence that can strengthen researchersâ conviction that a reduced-form model has the direction of causation right, say, from money (M) to output (Y). 3. Describe the evidence that money matters. 4. List and explain several important monetary policy transmission mechanisms.
Nestor RutherfordLv2
30 Jul 2019
