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- Chadha, Corrado and Sun (2010) decompose money in demand and supply and assess the contribution of supply to money and EFP. They …nd that supply shocks have played a signi…cant role in the time series in each of the USA, UK and Eurozone in the short to medium term.
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- In some sense we follow the second conjecture of Christiano et al (2007). We also produce a stronger result that Stracca (2013) about the importance of money.
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