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Persistent link: https://www.econbiz.de/10011752320
This paper investigates the effects of unconventional monetary policy in Canada. We use recently proposed methods to construct a shadow interest rate that captures monetary policy at the zero lower bound (ZLB) and estimate a small open economy Bayesian structural vector autoregressive (B-SVAR)...
Persistent link: https://www.econbiz.de/10011531930
Persistent link: https://www.econbiz.de/10012417781
This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconventional monetary policy at the zero lower bound (ZLB) we estimate a Bayesian structural vector autoregressive model for Canada - a useful...
Persistent link: https://www.econbiz.de/10011763837