News Shocks, Business Cycles, and the Disinflation Puzzle
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DOI: 10.1111/jmcb.12939
Abstract: We argue that key findings of the recent empirical literature on the effects of news about future technology — including their tendency to generate negative comovement of macroeconomic aggregates, and their puzzling disinflationary nature —… read more here.
Keywords: shocks business; news shocks; news; disinflation puzzle ... See more keywords