## Abstract According to conventional wisdom, the output effects of a monetary policy shock commence within months of the shock, while most inflationary effects lag significantly. We demonstrate a simple model that can explain the conventional wisdom and is consistent with profit maximizing price s
Optimal monetary policy responses to exogenous technology shocks
β Scribed by Andrea Jao
- Publisher
- Springer US
- Year
- 1999
- Tongue
- English
- Weight
- 122 KB
- Volume
- 5
- Category
- Article
- ISSN
- 1083-0898
No coin nor oath required. For personal study only.
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