![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
IMF paper studies monetary impact of household production
![imf-2 imf-2](/sites/default/files/styles/landscape_750_463/public/import/IMG/543/168543/imf-2-580x358.jpg.webp?itok=XPTllZbR)
A working paper, published by the International Monetary Fund (IMF) in August, studies the effect of households producing services rather than consuming them in the market, finding that this amplifies monetary shocks.
The author, Constant Lonkeng Ngouana, uses a vector autoregression based on US GDP data over the period 1967–2007, disaggregated into sectors. The paper finds that a monetary expansion raises the real wage, increasing the opportunity cost of producing services at home. Since home
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB staff speak out against changes to internal survey
- Central bank of the year: Central Bank of Brazil
- French president calls for expanded ECB mandate