Pushing on a string: US monetary policy is less powerful in recessions ∗
Silvana Tenreyro; Gregory Thwaites · 2013
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract (excerpt)
We estimate the impulse response of key US macro series to the monetary policy shocks identified by Romer and Romer (2004), allowing the response to depend flexibly on the state of the business cycle. We find strong evidence that the…
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Metadata source: OpenAlex