Clausen, Volker; Wohltmann, Hans-Werner - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 2, pp. 159-187
the respective stabilization role of monetary policy. While permanent oil price hikes always lead to stagflation … domestically produced good. The implications for monetary policy are also shock-specific. Monetary policy faces a signal extraction … not only about the strength, but also the direction of monetary policy. …