| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3045 |
| 来源ID | Working Paper 3045 |
| Does Monetary Policy Matter? Narrative Versus Structural Approaches | |
| Ray C. Fair | |
| 发表日期 | 1989-07-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | This paper compares results from the narrative approach of Romer and Romer (1989) to those from the structural approach regarding the effects of monetary policy on real output. The results from both approaches lead to the conclusions that monetary policy matters and that the effects build slowly following a monetary policy shock. The narrative approach, however, leads to larger and more persistent effects than does the structural approach. Reasons are advanced in the paper as to why this might be so. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w3045 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560320 |
| 推荐引用方式 GB/T 7714 | Ray C. Fair. Does Monetary Policy Matter? Narrative Versus Structural Approaches. 1989. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3045.pdf（330KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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