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All fluctuations are not created equal : the differential roles of transitory versus persistent changes in driving historical monetary policy
Ashley, Richard A.; Tsang, Kwok Ping; Verbrugge, Randal - 2018
Persistent link: https://www.econbiz.de/10011950052
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Dependence structure between money and economic activity : a Markov-switching copula VEC approach
Serletis, Apostolos; Xu, Libo - In: Macroeconomic dynamics 26 (2022) 8, pp. 2141-2160
Persistent link: https://www.econbiz.de/10013469790
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News, noise, and Indian business cycle
Goyal, Ashima; Kumar, Abhishek - In: Bulletin of economic research 74 (2022) 2, pp. 503-538
Persistent link: https://www.econbiz.de/10013188724
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Alternative Indicator of Moneary Policy for a Small Open Economy
Cuche, Nicolas A. - 2000
We analyze several identification frameworks based on operating procedures to measure monetary policy in a small open …
Persistent link: https://www.econbiz.de/10011430022
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Monetary policy and exchange rate interactions in a small open economy
Bjørnland, Hilde C. - 2005
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
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Identifying the interdependence between US monetary policy and the stock market
Bjørnland, Hilde C.; Leitemo, Kai - 2005
We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution is proposed to the simultaneity problem of identifying monetary and stock price shocks by using a combination of short-run and long-run restrictions that maintains the...
Persistent link: https://www.econbiz.de/10010284471
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Monetary policy and the illusionary exchange rate puzzle
Bjørnland, Hilde C. - 2005
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
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Estimating the immediate impact of monetary policy shocks on the exchange rate and other asset prices in Hungary
Rezessy, András - 2005
. The endogeneity problem is treated with the method of identification through heteroskedasticity as described by Rigobon …
Persistent link: https://www.econbiz.de/10010322405
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Estimating the effect of Hungarian monetary policy within a structural VAR framework
Vonnák, Balázs - 2005
Hungarian data. I compare two identification approaches. One of them involves the ‘sign restrictions on impulse responses … history. My argument is that in certain cases, especially in the case of the Hungarian economy, the latter identification … identification approaches produced very similar results, imposing restrictions on history may help to dampen counterintuitive …
Persistent link: https://www.econbiz.de/10010322447
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Are central bank preferences asymmetric? A comment
Minford, Patrick; Srinivasan, Naveen - 2008
hypothesis suffers from lack of identification because Phillips curve nonlinearity combined with quadratic central bank …
Persistent link: https://www.econbiz.de/10010322781