|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 373: Quantification and Simulation of Economic Processes, Humboldt-Universität Berlin >
Discussion Papers, SFB 373, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62236
|
| | |
| Title: | | Was there a regime change in the German monetary transmission mechanism in 1983?  |
| Authors: | | Candelon, Bertrand Lütkepohl, Helmut |
| Issue Date: | | 2000 |
| Series/Report no.: | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,17 |
| Abstract: | | Recent investigations of the transmission mechanism of German monetary policy arrive at quite different conclusions regarding its stability during the period of monetary targeting by the Bundesbank. In this study small dynamic models for the monetary sector of the German economy are analyzed in detail to determine the sources for the contrasting results found in the literature. It turns out that instabilities detected in previous work in the 1980s are possibly spurious. Thus, it appears that the monetary transmission mechanism was reasonably stable and, hence, one important precondition for a monetary targeting policy was satisfied. |
| Subjects: | | cointegration analysis monetary policy Markov regime switching analysis money demand vector error correction model |
| JEL: | | C32 E52 E41 |
| Persistent Identifier of the first edition: | | urn:nbn:de:kobv:11-10047217 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/62236
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|