Monetary Policy with Sectoral Trade‐Offs
نویسندگان
چکیده
منابع مشابه
Durable Goods and Sectoral Effects of Monetary Policy
High degree of interest sensitivity of durable goods is now a stylized fact in the literature of monetary policy. This literature, however, does not provide a clear and consensual explanation for the modalities of this stylized fact. In this paper, two independent empirical models are performed to shed more light on the cross-sectoral impacts of monetary policy. The results of first study indic...
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This is a special conference for the Federal Reserve Bank of Boston, and for me personally. The role of monetary aggregates in monetary policy was intensely controversial when I joined the staff of the Board of Governors in May 1969. I was immediately asked to join the staff of the newly formed FOMC Committee on the Directive. Governor Sherman Maisel chaired that committee; the other two member...
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ژورنال
عنوان ژورنال: The Scandinavian Journal of Economics
سال: 2018
ISSN: 0347-0520,1467-9442
DOI: 10.1111/sjoe.12266