Boivin, Jean; Giannoni, Marc P. - National Bureau of Economic Research (NBER) - 2008
variables over the 1984-2005 period, and analyze changes in the monetary policy transmission mechanism. We do so by estimating a … don't find strong evidence of a change in the transmission mechanism of monetary policy due to global forces. Taking our … mechanism between 1984 and 1999. In addition, since the year 2000, the initial response of the US economy following a monetary …