на главную поиск contacts

Monetary Policy Shocks: What Have We Learned and to What End?

Опубликовано на портале: 19-10-2004
Review of Economics and Statistics. 1998.  Vol. 78. No. 1. P. 16-34. 
Тематический раздел:
This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models that can be used to think about systematic changes in monetary policy institutions and rules. The literature has not yet converged on a particular set of assumptions for identifying the effects of an exogenous shock to monetary policy. Nevertheless, there is considerable agreement about the qualitative effects of a monetary policy shock in the sense that inference is robust across a large subset of the identification schemes that have been considered in the literature. We document the nature of this agreement as it pertains to key economic aggregates.

Текст статьи находится

текст статьи на сайте NBER:
Ключевые слова

См. также:
Сергей Михайлович Дробышевский, Анна Михайловна Козловская, Павел Вячеславович Трунин
Blake LeBaron
Studies in Nonlinear Dynamics and Econometrics. 1997.  Vol. 2. No. 2. P. 53-59. 
Николай Петрович Тихомиров, Елена Юрьевна Дорохина
[Учебная программа]
Donald Wilfrid Kao Andrews
Journal of Econometrics. 1988.  Vol. 37. No. 1. P. 135-157. 
Christian Gourieroux, Alain Monfort, Alain Trognon, Eric Renault
Journal of Econometrics. 1987.  Vol. 34. No. 1-2. P. 5-32. 
Halbert L. White
Econometrica. 1980.  Vol. 48. No. 4. P. 817-838.