Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/82443
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
Sveriges Riksbank Working Paper Series No. 77
Verlag: 
Sveriges Riksbank, Stockholm
Zusammenfassung: 
The interest in empirical studies of monetary policy has increased in the last decade. The deregulation of financial markets and the increased use of explicit policy rules and targets have made monetary policy more transparent and interesting for economic analysis. This paper demonstrates how a VAR model with long run restrictions justified by economic theory can be usefully applied in analyses of issues central to monetary policy: the effects of innovations in interest rates and other shocks; the short and long run relationships between prices and nominal and real exchange rates; the properties of an index of monetary conditions; dynamic forecasts of inflation; and the relation between inflation and the output gap
Schlagwörter: 
Cointegration
Common stochastic trends
Monetary policy
Vector autoregressions
JEL: 
C32
C52
C53
E31
E52
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
294.89 kB





Publikationen in EconStor sind urheberrechtlich geschützt.