A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
32023 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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"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 standard macro models, but arises if one takes into account realistic firm heterogeneity."
"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 standard macro models, but arises if one takes into account realistic firm heterogeneity."
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