Monetary Policy Under Okun’s Hypothesis
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下载链接:
https://www.nber.org/papers/w33488
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资源简介:
The current monetary policy framework of the Fed intends to be more inclusive by running the economy hot for longer during expansions. The logic of this strategy rests on Okuns (1973) hypothesis that sustaining a high-pressure economy persistently improves labor market outcomes of low-wage workers.
提供机构:
美国国家经济研究局
创建时间:
2025-02-01



