Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area
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下载链接：
https://www.nber.org/papers/w26630
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资源简介：
This paper formulates a back of the envelope approach to study the effects of monetary policy on household consumption expenditures. We analyze several transmission mechanisms operating through direct, partial equilibrium channelsintertemporal substitution and net interest rate exposureand indirect,
提供机构：
美国国家经济研究局
创建时间：
2020-01-01
