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Demographics and Monetary Policy Shocks

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NBER2019-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25970
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We decompose the response of aggregate consumption to monetary policy shocks into contributions by households at different stages of the life cycle. This decomposition finds that older households have a higher consumption response than younger households. Amongst older households, the consumption
创建时间:
2019-06-01
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