NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination

Hess Chung, Edward Herbst, Michael T. Kiley

NBER Working Paper No. 20611
Issued in October 2014

---- Acknowledgments ----

The views expressed herein are those of the authors, and do not reflect the views of the Federal Reserve Board, its staff, or the National Bureau of Economic Research. We have benefited from comments by participants at the NBER conference, especially our discussants Lars Svensson and Mark Gertler, and from workshop participants and colleagues at the Federal Reserve Board, especially those of Matthias Paustian and Edward Nelson, and the Federal Reserve Banks of Cleveland and Richmond.

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