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Has Us Monetary Policy Changed? Evidence from Drifting Coefficients and Real-Time Data
Boivin, Jean - 2021
Despite the large amount of empirical research on monetary policy rules, there is surprisingly little consensus on the nature or even the existence of changes in the conduct of U.S. monetary policy. Three issues appear central to this disagreement: 1) the specific type of changes in the policy...
Persistent link: https://www.econbiz.de/10013225585
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How Has the Euro Changed the Monetary Transmission?
Boivin, Jean; Mojon, Benoit; Giannoni, Marc P. - 2021
) to an overall reduction in the effects of monetary shocks. Using a structural open-economy model, we argue that the …
Persistent link: https://www.econbiz.de/10013233890