Title of article :
The extensivemarginandmonetarypolicy
Author/Authors :
Paul R. Bergin، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
Pages :
16
From page :
1222
To page :
1237
Abstract :
The creationofnewfirms,referredtoastheextensivemargin,isasignificantbut overlookeddimensionofmonetarypolicy.AmonetaryVARdocumentsthatmonetary policyhassignificanteffectsonfirmcreation.Ananalyticallytractablemodelcombining sticky pricesandfirmentryshowsthatentryaltersthetransmissionofmonetarypolicy innovations,actingmuchlikeatypeofinvestmentinmorestandardmodels.Monetary policyrulesthatoffsettheuncertaintyofproductivityshockscanraisethemeanlevelof entryandtherebywelfare,suggestinganewmotivationforstabilizationpolicy
Keywords :
ProductivityMonetary policyMarket dynamics
Journal title :
Journal of Monetary Economics
Serial Year :
2008
Journal title :
Journal of Monetary Economics
Record number :
846245
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846245
بازگشت