Matches in SemOpenAlex for { <https://semopenalex.org/work/W3145104295> ?p ?o ?g. }
Showing items 1 to 66 of
66
with 100 items per page.
- W3145104295 abstract "This paper offers an explication of the hump-shaped response of real economic activity to changes in monetary policy, focusing on the particular channel operating through new home sales. I suggest that the conventional notion of a monetary policy shock as a surprise change in the fed funds rate is misspecified. The primary news for market participants is not what the Fed just did, but is instead new information about what the Fed is going to do in the near future. Revisions in these anticipations show up instantaneously in long-term mortgage rates. Although mortgage rates respond well before the Fed actually changes its target rate, home sales do not respond until much later. The paper attributes this delay to cross-sectional heterogeneity in search times. This framework offers a description of the lags in the effects of monetary policy that is both more detailed, allowing us in principle to measure the consequences at the daily frequency, and more believable than traditional measures." @default.
- W3145104295 created "2021-04-13" @default.
- W3145104295 creator A5088703304 @default.
- W3145104295 date "2008-01-01" @default.
- W3145104295 modified "2023-09-23" @default.
- W3145104295 title "Daily Monetary Policy Shocks and the Delayed Response of New Home Sales" @default.
- W3145104295 hasPublicationYear "2008" @default.
- W3145104295 type Work @default.
- W3145104295 sameAs 3145104295 @default.
- W3145104295 citedByCount "1" @default.
- W3145104295 countsByYear W31451042952015 @default.
- W3145104295 crossrefType "posted-content" @default.
- W3145104295 hasAuthorship W3145104295A5088703304 @default.
- W3145104295 hasConcept C111472728 @default.
- W3145104295 hasConcept C126285488 @default.
- W3145104295 hasConcept C126322002 @default.
- W3145104295 hasConcept C138885662 @default.
- W3145104295 hasConcept C15744967 @default.
- W3145104295 hasConcept C162324750 @default.
- W3145104295 hasConcept C2778333325 @default.
- W3145104295 hasConcept C2780343955 @default.
- W3145104295 hasConcept C2781300812 @default.
- W3145104295 hasConcept C2781374135 @default.
- W3145104295 hasConcept C556758197 @default.
- W3145104295 hasConcept C71924100 @default.
- W3145104295 hasConcept C77805123 @default.
- W3145104295 hasConceptScore W3145104295C111472728 @default.
- W3145104295 hasConceptScore W3145104295C126285488 @default.
- W3145104295 hasConceptScore W3145104295C126322002 @default.
- W3145104295 hasConceptScore W3145104295C138885662 @default.
- W3145104295 hasConceptScore W3145104295C15744967 @default.
- W3145104295 hasConceptScore W3145104295C162324750 @default.
- W3145104295 hasConceptScore W3145104295C2778333325 @default.
- W3145104295 hasConceptScore W3145104295C2780343955 @default.
- W3145104295 hasConceptScore W3145104295C2781300812 @default.
- W3145104295 hasConceptScore W3145104295C2781374135 @default.
- W3145104295 hasConceptScore W3145104295C556758197 @default.
- W3145104295 hasConceptScore W3145104295C71924100 @default.
- W3145104295 hasConceptScore W3145104295C77805123 @default.
- W3145104295 hasLocation W31451042951 @default.
- W3145104295 hasOpenAccess W3145104295 @default.
- W3145104295 hasPrimaryLocation W31451042951 @default.
- W3145104295 hasRelatedWork W1566153497 @default.
- W3145104295 hasRelatedWork W1980060030 @default.
- W3145104295 hasRelatedWork W2135047360 @default.
- W3145104295 hasRelatedWork W2149443306 @default.
- W3145104295 hasRelatedWork W2169404455 @default.
- W3145104295 hasRelatedWork W2256442366 @default.
- W3145104295 hasRelatedWork W2282098391 @default.
- W3145104295 hasRelatedWork W2295290916 @default.
- W3145104295 hasRelatedWork W252379952 @default.
- W3145104295 hasRelatedWork W2553269777 @default.
- W3145104295 hasRelatedWork W2891334459 @default.
- W3145104295 hasRelatedWork W2897161863 @default.
- W3145104295 hasRelatedWork W3021801963 @default.
- W3145104295 hasRelatedWork W3123770731 @default.
- W3145104295 hasRelatedWork W3124074548 @default.
- W3145104295 hasRelatedWork W3124271794 @default.
- W3145104295 hasRelatedWork W3124807860 @default.
- W3145104295 hasRelatedWork W3125761545 @default.
- W3145104295 hasRelatedWork W2608105376 @default.
- W3145104295 hasRelatedWork W3148646864 @default.
- W3145104295 isParatext "false" @default.
- W3145104295 isRetracted "false" @default.
- W3145104295 magId "3145104295" @default.
- W3145104295 workType "article" @default.