Title:

Are the Effects of Monetary Policy Asymmetric?, No. 17-03

PREVIOUS | NEXT

Are the Effects of Monetary Policy Asymmetric?, No. 17-03

DATE: March 2017

PART OF: AUTHORS: CONTRIBUTING AUTHOR:

ABSTRACT: The Federal Reserve uses monetary policy to stimulate the economy when unemployment is high and to rein in inflationary pressures when the economy is overheating. However, evidence suggests that these policy stances have unequal effects. Contractionary monetary shocks raise unemployment more strongly than expansionary shocks lower it.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Barnichon, Régis , Matthes, Christian, 1979- , Sablik, Timothy and Federal Reserve Bank of Richmond. "Are the Effects of Monetary Policy Asymmetric?, No. 17-03," Economic Brief (March 2017). https://fraser.stlouisfed.org/title/6034/item/583958, accessed on January 31, 2023.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)