Why Are Target Interest Rate Changes So Persistent?
收藏NBER2011-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16707
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资源简介：
While the degree of policy inertia in central banks' reaction functions is a central ingredient in theoretical and empirical monetary economics, the source of the observed policy inertia in the U.S. is controversial, with tests of competing hypotheses such as interest-smoothing and persistent-shocks
提供机构：
美国国家经济研究局
创建时间：
2011-01-01
