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The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S.

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NBER2003-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9985
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资源简介:
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the

我们重新审视了近期关于货币政策如何影响美国及欧元区产出与价格的证据。货币政策变动的响应模式在多数方面相似,但在产出变化的构成上存在显著差异。在欧元区,投资是
提供机构:
美国国家经济研究局
创建时间:
2003-09-01
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