The Nonlinear Interaction Between Monetary Policy and Financial Stress /
This paper analyzes the nonlinear relationship between monetary policy and financial stress and its effects on the transmission of shocks to output. Results from a Bayesian Threshold Vector Autoregression (TVAR) model show that the effects of monetary policy shocks on output growth are stronger duri...
| Hoofdauteur: | |
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2017/184 |
| Online toegang: | Full text available on IMF |