美联储-企业动态、通货膨胀与货币政策传导(英)-2026.1
聚焦美联储-企业动态、通货膨胀与货币政策传导(英)-2026.1。I show that endogenous fluctuations in entry generate an intertemporal trade-off in monetary policy; a contractionary shock leads employment and inflation to decline on impact, but inflation later overshoots, as the shock also causes a decline in entry and an increase in exit.