Monetary policy shocks and productivity measures in the G-7 countries
نویسندگان
چکیده
منابع مشابه
Do monetary policy shocks matter in the G-7 countries? Using common identifying assumptions about monetary policy across countries
This paper suggests an identified VAR model that identifies monetary policy actions for the G-7 countries without encountering empirical puzzles such as the price puzzle and the liquidity puzzle. Using the model, the effects of monetary policy shocks are examined for the postwar period. Monetary policy shocks have significant effects on output in the short run. However, the contribution of mone...
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ژورنال
عنوان ژورنال: Portuguese Economic Journal
سال: 2002
ISSN: 1617-982X,1617-9838
DOI: 10.1007/s10258-001-0004-6