Sticky Price and Limited Participation Models of Money: A Comparison
收藏NBER1996-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5804
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This paper provides new evidence that models of the monetary transmission mechanism should be consistent with at least the following facts. In response to a contractionary monetary policy shock, the aggregate price level responds very little, aggregate output falls, interest rates initially rise,
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美国国家经济研究局创建时间：
1996-10-01
