UNDERSTANDING THE MACROECONOMIC IMPACT OF ILLIQUIDITY SHOCKS IN THE UNITED STATES
نویسندگان
چکیده
منابع مشابه
The Oil Shocks and Macroeconomic Adjustmen'f in the United States
Though 'supply-side economics' is politically ascendant in the United States, the relative importance of supply versus demand factors in r,x:ent U.S. macroeconomic history remains in strong dispute. The direct effects of the oil shocks on aggregate supply, for example, do not aI:,pear to have been severe, in sharp distinction to the experience of other OECD econoJaies. Real wages iin the U.S. f...
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ژورنال
عنوان ژورنال: Economic Inquiry
سال: 2020
ISSN: 0095-2583,1465-7295
DOI: 10.1111/ecin.12890