Cover, James Peery; Olson, Eric - In: Applied Economics 45 (2013) 19, pp. 2838-2846
This article re-examines the series of (exogenous) Federal Funds Rate (FFR) shocks created by Romer and Romer (2004) for the period 1969:01--1996:12. We hypothesize that if Romer and Romer have constructed a reasonable set of monetary policy shocks, then including them in a small Vector...