STOP‐GO MONETARY POLICY.

We propose and estimate several discrete choice models of monetary policy decision‐making that feature time‐varying inertia. The models permit us to account for three stylized facts characterizing monetary policymaking in the United States: (1) target interest rates are gradually adjusted in small d...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 57; no. 3; pp. 1698 - 1718
Autores principales:	Chappell, Henry W., Harris, Mark N., McGregor, Rob Roy, Spencer, Christopher
Formato:	Artículo
Publicado:	Wiley-Blackwell Jul2019
Materias:	United States Recessions Housing Monetary policy Interest rates Discrete choice models
Acceso en línea:	Ver este registro en EBSCOhost