Wagan, Hakimzadi - In: Economics Bulletin 31 (2011) 4, pp. 48-48
In this paper we provide evidence of the impact of monetary policy on a broad range of macro-economic variables for U.S, Canada, U.K., and Japan using factor-augmented vector auto regressive (FAVAR) model developed by Bernanke, Boivin and Eliasz (2003). Traditional approaches, such as vector...
