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Greg Kaplan - University of Chicago
Monday 25 November 2024, 04:30am - 06:00pm

How Does Monetary and Fiscal Policy Shape Macroeconomic Dynamics in the Face of Large Shocks?(Joint with Ken Miyahara)

Abstract:

We develop a HANK model with state-dependent pricing to study the impact that alternative monetary and fiscal responses to the large shock of 2020 would have have had on output inflation, and the price level.

   
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