Your English writing platform
Discover LudwigExact(9)
This monetary shock overwhelmed Reagan's fiscal stimulus and plunged the economy into another recession, which began in July , 1981 and lasted until the end of 1982.
"The full economic impact of Smaug can only be understood by recognizing that the dragon's arrival resulted in a severe monetary shock".
Ms Yellen and Mr Akerlof also demonstrated how firms and individuals might rationally decline to adjust wages or prices in response to a monetary shock.
"But for all the ammunition which the BoE has expended, we continue to question how much relief it can provide to counter what is an uncertainty, not a monetary, shock".
Ms Yellen and Mr Akerlof also demonstrated how firms and individuals might rationally decline to adjust wages or prices in response to a monetary shock, and that collective behaviour would produce recessions.
It is shown that increasing financial integration amplifies the effect of a positive, temporary monetary shock on output, consumption, investment, labor demand and loans; whereas it has barely any implication for the impact of a positive, temporary technology shock on the economy.
Similar(51)
Demand shocks, in turn, are separated into fiscal and monetary shocks.
Price and liquidity puzzles have been identified as two major counterintuitive findings arising from monetary shocks.
Christina Romer and David Romer argue in this working paper that while the "Monetary History" was suggestive, it did not prove conclusively that monetary shocks caused the Depression.
In this paper, we study the effect of monetary shocks on the Chinese stock market over the period of 2005 to 2011 with the MSVAR EGARCH model.
But there's huge evidence for sticky prices, lots of evidence that monetary shocks have real effects — and it's hard to produce a coherent model in which that's true that doesn't also leave room for fiscal policy.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com