Journal Article
Why does countercyclical monetary policy matter?
Abstract: Satyajit Chatterjee outlines the mainstream view of the benefits of countercyclical monetary policy and the challenge posed to it by recent microfoundations-oriented research. He also considers how this challenge may alter our views about the benefits of countercyclical monetary policy.>
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2001
Issue: Q2
Pages: 7-14