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...
| 主要作者: | |
|---|---|
| 其他作者: | |
| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| 叢編: | IMF Working Papers; Working Paper ;
No. 2010/230 |
| 在線閱讀: | Full text available on IMF |