Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56562
Authors: 
Mandler, Martin
Year of Publication: 
2010
Series/Report no.: 
Joint discussion paper series in economics 08-2010
Abstract: 
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 while the inflation response is negative. The paper endogenously determines two distinct regimes, while the literature thus far only considers alternative subsamples.
Subjects: 
monetary policy shocks
threshold vector autoregression
JEL: 
E52
E58
C32
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.