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The Labor Demand and Labor Supply Channels of Monetary Policy

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NBER2023-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31770
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资源简介:
Monetary policy is conventionally understood to influence labor demand, with little effect on labor supply. We estimate the response of labor market flows to high-frequency changes in interest rates around FOMC announcements and Fed Chair speeches and find evidence that, in contrast to the consensus
创建时间:
2023-10-01
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