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Conversation analysis uses the Jeffersonian method to combine the transcription of the content of communication with
Effectiveness Lag
The time needed for changes in monetary or fiscal policy to affect the economy
Decision-making Lag
The delay between the identification of a need for a policy response and the implementation of the decision.
Recognition Lag
The time needed to identify a macroeconomic problem and assess its seriousness.
Effectiveness Lag
The time it takes for a policy action, particularly in monetary or fiscal policy, to produce its intended effects on the economy.
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