🧵New Working Paper by I. Jaccard: “Monetary asymmetries without (and with) price stickiness” ecb.europa.eu/pub/pdf/scpwps… #Finance #AssetPricing #EconTwitter #MonetaryPolicy #MacroEconomics #CentralBanks 1/7
1
5
13
3K
2
This study explores the asset pricing implications of monetary policy models. The effects of monetary policy vary over the business cycle 2/7