Cepr euro area business cycle dating committee

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Emmanuel Farhi (Harvard University and CEPR) and Michael Woodford (Columbia University and CEPR) have confirmed their attendance.Using a New Keynesian model with learning dynamics, this course builds an analytical framework for monetary policy evaluation that is consistent with the pervasive evidence of low-frequency variation in macroeconomic data.

A special emphasis is on methodological, theoretical and empirical aspects and on their relevance for economic policy making, in particular for monetary policy and financial stability.The dating committee has recently determined that economic activity in the euro area peaked in the third quarter of 2011, and that the euro area as a whole has been in recession since then.I began the interview by asking Philippe to explain the conclusions of the committee in a little more detail.El BCRA es el Banco Central de la Repblica Argentina.No ofrece servicios bancarios o financieros al pblico en general.

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