The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification
作者： David B. Gordon , Eric M. Leeper
DOI: 10.1086/261969
关键词: Monetary policy 、 Credit channel 、 Monetary economics 、 Monetary hegemony 、 Supply and demand 、 Economics 、 Inflation targeting 、 Monetary base 、 Macroeconomics 、 Federal funds 、 Monetarism
摘要: It is currently popular to identify monetary policy shocks with innovations in some measure of reserves or the federal funds rate. These assumptions about interest elasticity supply demand for imply that produce dynamic responses macroeconomic variables are anomalous relative traditional analyses. This paper tentatively identifies and markets M2 1980s contrasts them results 1970s. In later period, identified have impacts fully consistent
uchicago.edu
sci-hub.se 参考文章(2)
M. Friedman, THE ROLE OF MONETARY POLICY Palgrave, London. pp. 215- 231 ,(1995) , 10.1007/978-1-349-24002-9_11
Christopher A. Sims, Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered The American Economic Review. ,vol. 70, pp. 250- 257 ,(1980)