Are the Effects of Monetary Policy Shocks Big or Small?
收藏NBER2011-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17034
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This paper studies the small estimated effects of monetary policy shocks from standard VAR's versus the large effects from the Romer and Romer (2004) approach. The differences are driven by three factors: the different contractionary impetus, the period of reserves targeting and lag length selection
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美国国家经济研究局创建时间：
2011-05-01
