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Download or read book Essays on Dynamics of Durable Goods written by Sayed Mehdi Naji Esfahani and published by . This book was released on 2015 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is comprised of three chapters. In the first chapter, two independent empirical studies are performed to shed more light on the cross-sectoral impacts of monetary policy. High degree of interest sensitivity of durable goods is now a stylized fact in the literature of monetary policy. This literature, however, does not provide a clear and consensual explanation for the modalities of this stylized fact. The results of first study indicate that there is no straightforward relationship between the degree of durability and the interest-sensitivity of durables. While, the second study concludes that, in response to monetary policy shocks, productive durables behave differently from consumer durables.