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Series:Proceedings  Bank:Federal Reserve Bank of Cleveland 

Conference Paper
Borrowing constraints on families with young children

Proceedings

Conference Paper
Research universities: driving America’s new economy

Proceedings

Conference Paper
The output composition puzzle: a difference in the monetary transmission mechanism in the euro area and United States

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts are significantly more important. We dub this difference the output composition puzzle and explore its implications and several potential explanations for it.
Proceedings

Conference Paper
The past and future of commercial banking viewed through an incomplete contract lens

Proceedings , Issue Aug , Pages 524-550

Conference Paper
The genesis of inflation and the costs of disinflation

Proceedings

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special issue 13 items

Haubrich, Joseph G. 9 items

Altig, David E. 7 items

Smith, Bruce D. 7 items

anonymous 5 items

Christiano, Lawrence J. 4 items

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Monetary policy 27 items

Econometric models 20 items

Inflation (Finance) 19 items

Education 11 items

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Business cycles 9 items

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