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Does Monetary Policy Matter? Narrative Versus Structural Approaches

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NBER1989-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3045
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资源简介:
This paper compares results from the narrative approach of Romer and Romer (1989) to those from the structural approach regarding the effects of monetary policy on real output. The results from both approaches lead to the conclusions that monetary policy matters and that the effects build slowly
创建时间:
1989-07-01
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