A Note on Temporary Supply Shocks with Aggregate Demand Inertia
收藏NBER2022-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29815
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资源简介：
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and the central bank is concerned about future constraints on expansionary policy. In this environment, it is optimal to run the economy hot until supply recovers. However, the policy does not
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美国国家经济研究局创建时间：
2022-03-01
