Supply Shocks, Wage Stickiness, and Accommodation
收藏NBER1983-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1119
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The main issue discussed in the supply shock literature that followed the oil and food price shocks of the seventies was whether to accommodate. The supply shock reduces the equilibrium level of output, and monetary policy can not affect that. But in the seventies supply shocks were also followed by
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美国国家经济研究局创建时间：
1983-05-01
