A Shadow Rate New Keynesian Model
收藏NBER2016-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22856
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资源简介：
We propose a tractable and coherent framework that captures both conventional and unconventional monetary policies with the shadow fed funds rate. Empirically, we document the shadow rate's resemblance to an overall financial conditions index, various private interest rates, the Fed's balance sheet,
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美国国家经济研究局创建时间：
2016-11-01
