Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy
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https://www.nber.org/papers/w34806
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资源简介：
Business cycles are increasingly driven by global shocks, rather than the domestic demand shocks prominent in earlier decades, posing challenges for central banks seeking to meet domestic mandates and communicate their policy decisions. This paper analyzes the evolving influence and characteristics
提供机构：
美国国家经济研究局
创建时间：
2026-02-01
