The Long and Variable Lags of Monetary Policy: Evidence from Disaggregated Price Indices
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https://www.nber.org/papers/w32623
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资源简介：
We study how monetary policy affects subcomponents of the Personal Consumption Expenditures Price Index (PCEPI) using local projections. Following a monetary policy contraction, the response of aggregate PCEPI turns significantly negative after over three years. There are stark differences in the
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
