Monetary Policy and Asset Valuation
收藏NBER2016-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22572
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资源简介：
We document large, longer-term, joint regime shifts in asset valuations and the real federal funds rate-r* spread. To interpret these findings, we estimate a novel macro-finance model of monetary transmission and find that the documented regimes coincide with shifts in the parameters of a policy
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美国国家经济研究局创建时间：
2016-08-01
