Monetary policy design and the buffer-stock hypothesis: further evidence from European Union countries
The buffer-stock hypothesis is examined through a structural vector autoregression (SVAR) model across European Union (EU) countries. Variance decompositions do not provide uniform evidence in favour of the buffer-stock hypothesis in all case studies. The results are very important for the design of monetary policy within EU.
Year of publication: |
1999
|
---|---|
Authors: | Apergis, Nicholas |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 6.1999, 12, p. 793-796
|
Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Convergence in condominium prices of major US metropolitan areas
Apergis, Nicholas, (2019)
-
Convergence in public expenditures across EU countries: Evidence from club convergence
Apergis, Nicholas, (2013)
-
Unemployment and labor force participation across the US States: New evidence from panel data
Apergis, Nicholas, (2017)
- More ...