The Power of Persistence How Demand Shocks and Monetary Policy Shape Macroeconomic Outcomes
The study shows that in New Keynesian models, more persistent demand shocks do not always boost output more; monetary policy stance determines whether permanent income or real interest rate effects dominate.
Featured in No. 137 on 30 Oct 2026 · 11 days after release
- Released
- 19 Oct 2026
- First featured
- No. 137 · 30 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:bon:boncrc:crctr224_2025_785
- Authors
- FABRICE COLLARD et al.
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