Sentence examples for monetary shocks from inspiring English sources

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.

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.

The original idea that money had real effects because people were surprised by monetary shocks fell apart in the face of evidence of business cycle persistence; the real business cycle view that nominal shocks didn't actually matter after all was refuted by decisive evidence (pdf) that, in fact, it did.

Price and liquidity puzzles have been identified as two major counterintuitive findings arising from monetary shocks.

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.

In addition, Carstensen et al. (2009) also demonstrated that more flexible housing mortgage policies will result in less pronounced influences to monetary shocks.

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.

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.

"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".