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Daily Monetary Policy Shocks and the Delayed Response of New Home Sales

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NBER2008-08-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w14223
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This paper offers an explication of the hump-shaped response of real economic activity to changes in monetary policy, focusing on the particular channel operating through new home sales. I suggest that the conventional notion of a monetary policy shock as a surprise change in the fed funds rate is
提供机构:
美国国家经济研究局
创建时间:
2008-08-01
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