Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy: A Reply
回应Hamilton和Herrera对Bernanke等人1997年论文的评论,通过反事实模拟表明货币政策的内生反应对石油冲击导致的产出下降贡献显著,即使仅延迟政策反应,贡献仍约占一半。
Oil Shocks and Aggregate Macroeconomic Behavior:The Role of Monetary Policy Ben S. Bernanke (bio), Mark Gertler (bio), and Mark W. Watson (bio)