Showing 1 - 10 of 712
Persistent link: https://www.econbiz.de/10004975743
Federal Reserve nonborrowed reserve supply systematically responded to changes in inflation and in the output gap over the period 1969-2000. While the feedback from output gap is always negative, the response of money supply to changes in inflation varies considerably across time. Nonborrowed...
Persistent link: https://www.econbiz.de/10010325981
Evidence from vector autoregressions indicates that the impact of interest rate shocks on macroeconomic aggregates can substantially be affected by the so-called cost channel of monetary transmission. In this paper we apply a structural approach to examine the relevance of the cost channel for...
Persistent link: https://www.econbiz.de/10010308698
Persistent link: https://www.econbiz.de/10003764830
Persistent link: https://www.econbiz.de/10003328126
Persistent link: https://www.econbiz.de/10003406199
Persistent link: https://www.econbiz.de/10003690036
Evidence from vector autoregressions indicates that the impact of interest rate shocks on macroeconomic aggregates can substantially be affected by the so-called cost channel of monetary transmission. In this paper we apply a structural approach to examine the relevance of the cost channel for...
Persistent link: https://www.econbiz.de/10009524830
Federal Reserve nonborrowed reserve supply systematically responded to changes in inflation and in the output gap over the period 1969-2000. While the feedback from output gap is always negative, the response of money supply to changes in inflation varies considerably across time. Nonborrowed...
Persistent link: https://www.econbiz.de/10011374418
Persistent link: https://www.econbiz.de/10001930679