Does Fiscal Policy Matter for Stock-Bond Return Correlation?
收藏NBER2020-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27861
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资源简介：
We explore an important role of monetary-fiscal policy interactions in explaining three stylized facts: (1) a positive correlation of stock and bond returns in 1971-2001 and a negative one after 2001, (2) a negative correlation of consumption and inflation in 1971-2001 and a positive one after 2001,
提供机构：
美国国家经济研究局
创建时间：
2020-09-01
