The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy
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We study the transmission of monetary policy shocks in a model in which realistic heterogeneity in price rigidity interacts with heterogeneity in sectoral size and input-output linkages, and derive conditions under which these heterogeneities generate large real effects. Empirically, heterogeneity
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美国国家经济研究局创建时间：
2018-12-01
