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Lectura 4 by Jean Carlos Manrique Espinosa is a document available to read on EtoBox.

What is Lectura 4 about?

This paper by Takashi Senda explores the asymmetric effects of money supply shocks based on sticky price theory, predicting that increased trend inflation can reduce the degree of asymmetry after a certain point. The study analyzes prewar and postwar data from OECD countries, finding that higher nominal GDP growth variability correlates with greater asymmetry in economic responses to money supply changes. The paper employs a menu-cost model to derive theoretical predictions and supports them with empirical

Author

Jean Carlos Manrique Espinosa

Language

EN