Skip to main content
SHARE   Share on Twitter Share on Facebook Email

Asymmetric Effects of Monetary Policy in the United States

Using M1, economists Morten Ravn and Martin Sola achieve results that match previous findings on the size and sign of monetary policy shocks: Positive shocks have larger real effects. Using the federal funds rate, however, they find that only small negative shocks affect real aggregate activity.

Read Full Text


Subscribe to our newsletter


Follow us

Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo
Back to Top