| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7171 |
| DP7171 Labor Laws and Innovation | |
| Viral Acharya; Krishnamurthy Subramanian; Ramin Baghai | |
| 发表日期 | 2009-02-09 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The post-1983 moderation coincided with an ahistorical divergence in the money aggregate growth and velocity volatilities away from the downward trending GDP and inflation volatilities. Using an en dogenous growth monetary DSGE model, with micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the historical period of 1919-2004, and enables this puzzle to be addressed more easily. The volatility divergence is explained by the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. |
| 主题 | International Macroeconomics |
| 关键词 | Volatility Money and credit shocks Growth inflation |
| URL | https://cepr.org/publications/dp7171 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536000 |
| 推荐引用方式 GB/T 7714 | Viral Acharya,Krishnamurthy Subramanian,Ramin Baghai. DP7171 Labor Laws and Innovation. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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