Surprising Comparative Properties of Monetary Models: Results from a New Data Base
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We are grateful for excellent research assistance by Tobias Cwik and Maik Wolters from Goethe University Frankfurt. Helpful comments by Frank Smets and session participants at the AEA meetings in San Francisco, January 2009, and the German Economic Association monetary committee meeting in Frankfurt are gratefully acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.