Research finds productivity impact from monetary policy

chart-stock

New research outlines a channel through which monetary policy can impact productivity, challenging conventional wisdom but offering theoretical backing to a result that appears in the data.

“How does monetary policy affect an economy’s productivity? The standard thinking is that it does not,” the authors write. But, they add, empirical studies have found that nominal demand shocks – such as monetary policy shocks – do have a significant effect on productivity.

The paper was authored by David

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: