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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发表在:MAGKS - Joint Discussion Paper Series in Economics (Band 08-2010)
主要作者: Mandler, Martin
格式: Arbeit
语言:英语
出版: Philipps-Universität Marburg 2010
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