Deconstructing the Art of Central Banking /
This paper proposes a markedly different transmission mechanism from monetary policy to the macroeconomy, focusing on how policy changes nominal inertia in the Phillips curve. Using recent theoretical developments, we examine the properties of a small, estimated U.S. monetary model distinguishing fo...
| מחבר ראשי: | |
|---|---|
| מחברים אחרים: | |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 2004/195 |
| גישה מקוונת: | Full text available on IMF |