Understanding the Great Recession - Board of Governors of the Federal Reserv,Board of Governors of the Federal Reserve System
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We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to �nancial frictions interacting with the zero lower bound. We reach this conclusion looking through the lens of a New Keynesian model in which �rms face moderate degrees of price rigidities and no nominal rigidities in the wage setting process. Our model does a good job of accounting for the jo ... Pilns apraksts
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Vairāk informācijas
| Autors | Board of Governors of the Federal Reserv, Board of Governors of the Federal Reserve System |
|---|---|
| Izdevējs | CreateSpace Independent Publishing Platform |
| Izlaides gads | 2015 |
| Vāka tips | Mīkstais vāks |
| EAN | 9781508806387 |