Results 1 - 1 of 1 for Federal Funds Rate [Author: Martin Sola]
Asymmetric Effects of Monetary Policy in the United States - Review
Using M1, the authors 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.
research.stlouisfed.org/.../2004/09/01/asymmetric-effects-of-monetary-policy-in-the-united-states
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