Boivin, Jean; Kiley, Michael T.; Mishkin, Frederic S. - In: Handbook of monetary economics : volume 3, (pp. 369-422). 2010
modern dynamic, stochastic general equilibrium (DSGE) models. In contrast, non-neoclassical channels, such as credit … (FAVAR) and a DSGE model. Both approaches yield similar results: Monetary policy innovations have a more muted effect on real …