"Monetary policy has ‘supply-side’ effects – in addition to boosting output by increasing employment, a monetary easing boosts output by increasing aggregate productivity. The link between monetary policy and productivity is absent in _...Read More_
"Monetary policy has ‘supply-side’ effects – in addition to boosting output by increasing employment, a monetary easing boosts output by increasing aggregate productivity. The link between monetary policy and productivity is absent in _...Read More_