The Own-Price of Money and a New Channel of Monetary Transmission
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https://www.nber.org/papers/w9341
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资源简介:
Traditionally, the effects of monetary policy actions on output are thought to be transmitted via monetary or credit channels. Real business cycle theory, by contrast, highlights the role of real price changes as a source of revisions in spending and production decisions. Motivated by the desire to
提供机构:
美国国家经济研究局
创建时间:
2002-11-01



