Expectations and the Effects of Monetary Policy
收藏NBER1995-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5344
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资源简介：
This paper examines the predictive power of shifts in monetary policy, as measured by changes in the federal funds rate, for output, inflation, and survey expectations of these variables. We find that policy shifts have larger effects on actual output than on expected output, suggesting that agents
提供机构：
美国国家经济研究局
创建时间：
1995-11-01
