Economics, Econometrics and Finance
4 years ago

Monetary policy fails to impact price levels in key industries.

National Accounting Review
Statistical measurement of the impact of monetary policy on price levels
Shengyin Ouyang, Ziqing Du, Mei-Ling Cai

Paper Summary

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The study looked at how monetary policy affects different industries in China. They used a model to see how industries respond to changes in monetary policy. The results showed that the impact of monetary policy on industries is not very effective overall. The effectiveness of monetary policy depends on how expected it is and the type of industry.