Monetary Policy Matters : New Evidence Basedon a New Shock Measure /
Conventional VAR and non-VAR methods of identifying the effects of monetary policy shocks on the economy have found a negative output response to monetary tightening using U.S. data over the 1960s-1990s. However, we show that these methods fail to find this contractionary effect when the sample is r...
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2010/230 |
| Acceso en línea: | Full text available on IMF |