The article examines how the Federal Reserve responded to the high-tech crisis by studying the effects of monetary policy on different sectors. The researchers found that a shock to high-tech investment led to a temporary boost in residential and durable goods spending, but had little impact on the high-tech sector itself. They also confirmed that the actual drop in interest rates aligned with their model's predictions. Overall, the study highlights the significant role monetary policy plays in transferring resources between sectors during economic shocks.