Kehoe, Patrick J. (contributor); … - 2007
Federal Reserve Bank of Minneapolis
Research Department
Sales and the
Real Effects of Monetary Policy
∗
Patrick J. Kehoe … implications for the optimal
conduct of monetary policy, the linking of �uctuations in monetary aggregates to those in
real … activity, and debates regarding the relative potency of �scal and monetary policy.
Recently there has been a vast surge in work …