Monetary Policy and the Relative Price of Durable Goods /
In a SVAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new-house and nondurables prices. These findings are rationalized via the estimation of a two-se...
| 1. autor: | |
|---|---|
| Kolejni autorzy: | |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2017/290 |
| Dostęp online: | Full text available on IMF |