Monetary policy and the relative price of durable goods
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DOI: 10.1016/j.jedc.2017.10.006
Abstract: In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio… read more here.
Keywords: relative price; policy relative; monetary policy; price durable ... See more keywords