Interest rates and structural shocks in European transition economies
نویسندگان
چکیده
منابع مشابه
Structural Shocks and the Comovements between Output and Interest Rates
Stylized facts on U.S. output and interest rates have so far proved hard to match with simple DSGE models. I estimate covariances between output, nominal and real interest rate conditional on structural shocks, since such evidence has largely been lacking in previous discussions of the output-interest rate puzzle. Conditional on shocks to technology and monetary policy, the results square with ...
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ژورنال
عنوان ژورنال: Business and Economic Horizons
سال: 2014
ISSN: 1804-1205,1804-5006
DOI: 10.15208/beh.2014.24