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"During the economic expansion of the 1990s, the United States enjoyed both low inflation rates and low levels of … growth, changes in inflation, and labor market slackness are the same for men and women and whether measures of 'non … do as well as men's in explaining real compensation growth and changes in inflation after 1983. We also find some …
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This article shows that the "risk premium" shock in Smets and Wouters (2007) can be interpreted as a structural shock to the demand for safe and liquid assets such as short-term US Treasury securities. Several implications of this interpretation are discussed.
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During the economic expansion of the 1990s, the United States enjoyed both low inflation rates and low levels of … growth, changes in inflation, and labor market slackness are the same for men and women and whether measures of “non … slackness do as well as men’s in explaining real compensation growth and changes in inflation after 1983. We also find some …
Persistent link: https://www.econbiz.de/10005419953
Persistent link: https://www.econbiz.de/10005515119
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