Narrow search
Showing 1 - 10 of 805,864
Cover Image
Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs
Villani, Mattias; Warne, Anders - 2003
handling of cointegration restrictions. This paper extends the Bayesian analysis of structural VARs to cover cointegrated … processes with an arbitrary number of cointegrating relations and general linear restrictions on the cointegration space. A … Sweden. …
Persistent link: https://www.econbiz.de/10011585032
Cover Image
Monetary Policy Analysis in a Small Open Economy Using Bayesian Cointegrated Structural Vars
Villani, Mattias; Warne, Anders - 2021
handling of cointegration restrictions. This paper extends the Bayesian analysis of structural VARs to cover cointegrated … processes with an arbitrary number of cointegrating relations and general linear restrictions on the cointegration space. A … straightforward evalution of the posterior distribution. The methods are used to analyse the effects of monetary policy in Sweden …
Persistent link: https://www.econbiz.de/10013319557
Cover Image
A VAR model for monetary policy analysis in a small open economy
Jacobson, Tor; Jansson, Per; Vredin, Anders; Warne, Anders - 1999
for economic analysis. This paper demonstrates how a VAR model with long run restrictions justified by economic theory can …
Persistent link: https://www.econbiz.de/10011584357
Cover Image
How robust are SVARs at measuring monetary policy in small open economies?
Carrillo, Julio A.; Elizondo, Rocio - 2015
We study the ability of exclusion and sign restrictions to measure monetary policy shocks in small open economies. Our Monte Carlo experiments show that sign restrictions systematically overshoot inflation responses to the said shock, so we propose to add prior information to limit the number of...
Persistent link: https://www.econbiz.de/10011337610
Cover Image
The interaction between fiscal and monetary policies : evidence from Sweden
Ankargren, Sebastian; Shahnazarian, Hovick - 2019 - (Updated april 2019)
This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
Persistent link: https://www.econbiz.de/10011990029
Cover Image
Monetary policy responses to exogenous perturbations : the case of a small open economy (2007-2018)
Warburton, Christopher E. S.; Jackson, E. A. - In: PSL quarterly review 73 (2020) 293, pp. 181-201
While autonomous central banks in large open economies are usually predisposed to use monetary rules to target inflation, output, and long-term interest rates, central banks in small open economies face peculiar challenges in their attempts to attain and maintain liquidity, stable prices and...
Persistent link: https://www.econbiz.de/10012288324
Cover Image
Monetary policy shocks and business cycle fluctuations in a small open economy : Sweden 1986-2002
Lindé, Jesper - 2003
This paper contains an empirical analysis of the dynamic effects of monetary policy on Swedish data within a framework consistent with the theoretical New-Keynesian type of small open economy models. Because of what appears to be time-varying seasonal patterns in the data, I argue that it is of...
Persistent link: https://www.econbiz.de/10011583586
Cover Image
A macroeconometric assessment of Minsky's Financial Instability Hpothesis
Greenwood-Nimmo, Matthew; Tarassow, Artur - 2013
The Financial Instability Hypothesis associated with Hyman Minsky has profound implications for the conduct of monetary policy in modern capitalist economies. At its core is the proposition that the central bank may contribute to the financial fragility of leveraged firms in its pursuit of...
Persistent link: https://www.econbiz.de/10010425830
Cover Image
Implementing optimal control in cointegrated I(1) structural VAR models
Monti, Francesca V. - 2003
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
Cover Image
Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs
Villani, Mattias (contributor); Warne, Anders (contributor) - 2003
Persistent link: https://www.econbiz.de/10001967427