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- W1986210146 abstract "A key argument in Caplin and Leahy (1997) states that the correlation between monetary shocks and output is falling in the variance of the money supply. We demonstrate that this conclusion depends on solving for the correlation in the non-stationary state of the model. In the stationary state, that correlation is initially rising." @default.
- W1986210146 created "2016-06-24" @default.
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- W1986210146 date "2005-01-01" @default.
- W1986210146 modified "2023-09-23" @default.
- W1986210146 title "Aggregation and Optimization with State-Dependent Pricing: A Comment" @default.
- W1986210146 cites W1596337612 @default.
- W1986210146 cites W2110845124 @default.
- W1986210146 doi "https://doi.org/10.2139/ssrn.740244" @default.
- W1986210146 hasPublicationYear "2005" @default.
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