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An Estimated DSGE Model with a Deflation Steady State | NEP-DGE …

This paper estimates a medium-scale DSGE model with a deflation steady state for the Japanese economy during the period from 1999 to 2013, when the Bank of Japan conducted a zero interest rate policy and the inflation …

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An Estimated DSGE Model with a Deflation Steady State | NEP-DGE …

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