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1997a Bpea Bernanke Gertler Watson Sims Friedman by lakhdimi abdelhamid is a document available to read on EtoBox.

What is 1997a Bpea Bernanke Gertler Watson Sims Friedman about?

The document analyzes the role of monetary policy in U.S. business cycles after World War II. It introduces an identification strategy that summarizes the effects of anticipated monetary policy changes through their impact on short-term and long-term interest rates. Applying this, the authors find that endogenous monetary policy responses can account for a substantial portion of the depressing effects of oil price shocks on the real economy.

Author

lakhdimi abdelhamid

Language

EN