Regime-dependent effects of monetary policy shocks. Evidence from threshold vector autoregressions
This paper studies regime dependence in the effects of monetary policy shocks for the U.S. using a threshold vector autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output shows no significant response to monetary policy whil...
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出版年: | MAGKS - Joint Discussion Paper Series in Economics (Band 08-2010) |
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第一著者: | |
フォーマット: | Arbeit |
言語: | 英語 |
出版事項: |
Philipps-Universität Marburg
2010
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オンライン・アクセス: | PDFフルテキスト |
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