Dedu, Vasile; Stoica, Tiberiu - In: Journal for Economic Forecasting (2014) 2, pp. 71-86
Most of the research papers revealing the monetary policy transmission mechanism in Romania focused on VAR, Structural VAR or Dynamic Stochastic General Equilibrium (DSGE) models. Our paper brings new empirical evidence regarding the impact of NBR’s monetary policy shocks on the real economy,...