Impulse responses to Monetary policy shock
Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment based on Matching Impulse Responses
... a monetary policy shock in consideration of the reaction of the output level and the loan ...theoretical impulse responses with the empirical impulse responses to a ...
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Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses
... a monetary policy shock taking into account the reaction of the output level and the loan ...theoretical impulse responses with the empirical impulse responses to a ...
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The effects of a monetary policy shock: Evidence from India
... re-estimated impulse responses to a contractionary monetary policy ...The impulse responses have the expected dynamics under monetary contraction without generating any ...
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Identifying the Effects of Monetary Policy Shock on Output and Prices in Thailand
... the policy rate as the monetary policy variable. The impulse responses generated in this paper indicate that monetary policy shock drives output and inflation ...
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Confidence Bands for Impulse Responses
... contractionary monetary policy shock as observed in Uhlig’s benchmark study (his Figure 5) is not ...of impulse responses is considered jointly even if individual impulse ...
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Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates
... anti-inflationary policy (‘Volcker shock’)—is assumed to be predom- inantly driven by a restrictive monetary policy ...on monetary policy shocks ...on impulse ...
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An SVAR Analysis of Monetary Policy Dynamics and Housing Market Responses in Australia
... from impulse responses suggests that a contractionary monetary shock immediately increases the number of new houses followed by a significant negative effect on housing construction for about ...
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Impulse-response analysis of monetary policy – Visegád group countries case
... An impulse-response analysis given by the vector autoregression models with a linear restriction of parameters is used for this ...between responses. Responses to monetary shocks are ...of ...
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Sectoral effects of monetary policy shock: evidence from India
... a monetary policy shock in different economies, we analyze the monetary transmission mechanism in India at the aggregate as well as at the sectoral ...of monetary policy ...
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Relative Price Effects of Monetary Policy Shock in Malaysia: A SVAR Study
... the impulse response function of inflation to a monetary policy ...estimated responses; meanwhile the two dashed lines represent the confident bands or error ...
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Responses to Monetary Policy Shocks in the East and the West of Europe: A Comparison
... rate shock is very large, more than 500 basis points (Romanian market interest rates are very volatile) and this increases the size of the mean interest rate shock to about 250 ...Other impulse ...
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Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model
... on monetary business cycles, we …nd that a business cycle model with exogenous monetary growth has various de…ciencies in reproducing the empirical e¤ects of monetary policy ...where ...
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According to the dynamic impulse responses function, supply shock, monetary shock, and external shock have an effect on the Tunisian business cycle
... The world interest rate shock is identified by assuming that for a small open economy, the long-term domestic interest rate cannot diverge from the world interest rate which is also an e[r] ...
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Optimal monetary policy with skill shock
... incentive-compatible policy with positive nominal interest rate, there exists an incentive-compatible, feasible and welfare-improving policy with zero nominal interest ...expansionary monetary ...
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Stock Prices and Monetary Policy: An Impulse Response Analysis
... compute impulse responses to the structural ...compute impulse responses to the structural shocks, without requiring any arbitrary restrictions other than those necessary for identifying the ...
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The Impact of Monetary Policy Shock on Macroeconomic Variables
... a monetary policy strategy is to use a macroeconomic model to give recommendations concerning the optimal policy response to deviations in inflation and output from their desired ...optimal ...
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Identification and the Liquidity Effect of a Monetary Policy Shock
... measure of money, there is very strong evidence that, relative to the identification schemes considered, unanticipated expansionary changes in monetary policy drive the federal funds rat[r] ...
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Nominal rigidities and the dynamic effects of a shock to monetary policy
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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
... a monetary policy ...a policy shock occurs after the typical wage and price contract in effect at the time of the shock has been ...
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Inference for Impulse Responses
... impulse responses considerably. It is important to differentiate that the paper is not a discussion about how best to ob- tain estimates of impulse response coefficients with good small-sample ...
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