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Comments on ‘Does Monetary Policy Affect Real Economic Activity: Why Do We Still Ask This Question?’ by Benjamin Friedman
Monetary Policy Economic Activity
2015/8/4
Comments on ‘Does Monetary Policy Affect Real Economic Activity: Why Do We Still Ask This Question?’ by Benjamin Friedman.
THE HIGH SENSITIVITY OF ECONOMIC ACTIVITY TO FINANCIAL FRICTIONS
HIGH SENSITIVITY ECONOMIC ACTIVITY FINANCIAL FRICTIONS
2015/7/20
A financial friction is a wedge between the return received by providers of financial capital–ultimately, consumers–and the cost of capital paid by businesses and consumers who use capital. I study tw...
The Brookings Papers on Economic Activity(BPEA) is a leading American journal of economics. Its focus is on the empirical analysis of issues of current relevance to macroeconomic policy with particula...