Showing 1 - 10 of 44
Iran from 1973 to 2012. Using vector autoregression (VAR)-based impulse response functions, we find a positive and …
Persistent link: https://www.econbiz.de/10011716051
Iran from 1973 to 2012. Using vector autoregression (VAR)-based impulse response functions, we find a positive and …
Persistent link: https://www.econbiz.de/10011787825
. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive …
Persistent link: https://www.econbiz.de/10011794215
This paper analyses the transmission mechanisms of monetary policy in a small open economy like Norway through structural VARs, paying particular attention to the interdependence between the monetary policy stance and exchange rate movements in the inflation-targeting period. Previous studies of...
Persistent link: https://www.econbiz.de/10010284259
We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution … shocks are orthogonal to the information set in the VAR model and can be interpreted as non-fundamental shocks. We attribute …
Persistent link: https://www.econbiz.de/10010284471
Dornbusch’s exchange rate overshooting hypothesis is a central building block in international macroeconomics. Yet, empirical studies of monetary policy have typically found exchange rate effects that are inconsistent with overshooting. This puzzling result has developed into a “styled...
Persistent link: https://www.econbiz.de/10010284488
Dornbusch's exchange rate overshooting hypothesis is a central building block in international macroeconomics. Yet, empirical studies of monetary policy have typically found exchange rate effects that are inconsistent with overshooting. This puzzling result has developed into a "styled facts" to...
Persistent link: https://www.econbiz.de/10012143647
This paper analyses the transmission mechanisms of monetary policy in a small open economy like Norway through structural VARs, paying particular attention to the interdependence between the monetary policy stance and exchange rate movements in the inflation-targeting period. Previous studies of...
Persistent link: https://www.econbiz.de/10012143652
We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution …
Persistent link: https://www.econbiz.de/10012143684
variables, stock returns are incorporated into a structural VAR model, as stock prices are an important transmission channel of …
Persistent link: https://www.econbiz.de/10012143696