Monetary policy shock
Top PDF Monetary policy shock:
The Impact of Monetary Policy Shock on Macroeconomic Variables
... a monetary policy shock in the form of an unexpected rise in the interest rate causes real output and inflation to ...the monetary policy shock on output was short-lived under ...
15
The effects of a monetary policy shock: Evidence from India
... framework. The fifth row corresponds to the money demand equation. The over-identification restrictions are not rejected (p-value = 28.6%). Figure 5 presents the re-estimated impulse responses to a contractionary ...
12
Identifying the Effects of Monetary Policy Shock on Output and Prices in Thailand
... the policy rate as the monetary policy ...that monetary policy shock drives output and inflation ...though monetary policy tools can have stabilization effects on ...
8
Sectoral effects of monetary policy shock: evidence from India
... of monetary policy shock on the aggregate as well as on the sectoral output of Indian economy using reduced form vector auto regression (VAR) ...a monetary policy shock at the ...
24
Relative price effects of monetary policy shock in Malaysia: a svar study
... for monetary policy and price control in Malaysian ...the monetary policy variable (the interest ...a monetary policy tightening (an increase in the interest rate) is capable to ...
27
Sectoral Co-Movement, Monetary-Policy Shock, and Input-Output Structure
... In this subsection, we characterize the actual input-output matrix of the U.S. economy and discuss why it delivers the co-movement of value-added to the economy, referring to the discussions above. The actual matrix 2005 ...
21
Relative Price Effects of Monetary Policy Shock in Malaysia: A SVAR Study
... of monetary policy shocks upon prices have focused on aggregate data, and found that the price level decreases in response to monetary policy tightening (an increase in interest ...of ...
16
Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model
... a monetary policy ...to monetary tightening leads to a rise in interest rates, decreasing factor inputs, which are …nanced by loans, and a real ...in monetary transfers are compensated by ...
34
Open Market Operations as a Monetary Policy Shock Measure in a Quantitative Business Cycle Model
... a monetary policy ...to monetary tightening leads to a rise in interest rates, decreasing factor inputs, which are …nanced by loans, and a real ...in monetary transfers are compensated by ...
33
Examination of the Credit Channel of Monetary Transmission in India: Results from Response of Commercial Banks’ Balance Sheet to a Monetary Policy Shock
... of Monetary Transmission in India: Results from Response of Commercial Banks’ Balance Sheet to Monetary Policy Shock In this study I present some evidence on the credit channel of ...
14
The Estimation of the New Keynesian Phillips Curve in Japan and Its Implication for the Inflation Response to a Monetary Policy Shock
... ∞ j=0 β j E t r t+j + ρ 1 π t−1 + error. (15) Table 2 presents estimation results under four scenarios by using the detrended output in place of the labor share. 19 When we use the detrended output instead of the labor ...
45
The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock?
... the monetary policy shock, reaching a trough after four quarters, and returns to the baseline value ...the monetary policy shock, getting to a trough after four quarters, and ...
53
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] ...
52
Consumption Growth and the Real Interest Rate following a Monetary Policy Shock : Is the Habit Persistence Assumption Relevant?
... The only departure from Christiano, Eichenbaum, and Evans (1999) is therefore the introduction of real consumption in our data set. We refer to the policy shock as a shock on the nominal[r] ...
22
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 ...
44
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 ...restrictive monetary ...
35
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy. Lawrence J. Christiano and Martin Eichenbaum
... a monetary policy ...a policy shock occurs after the typical wage and price contract in effect at the time of the shock has been ...
45
The Instability in the Monetary Policy Reaction Function and the Estimation of Monetary Policy Shocks
... cumulated monetary policy shocks plotted in …gure 1 give an answer to this ...of monetary policy shocks by using a single monetary policy reaction function spanning the whole ...
23
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 ...
11
Nominal rigidities and the dynamic effects of a shock to monetary policy
... judqw wr wkh Qdwlrqdo Exuhdx ri Hfrqrplf Uhvhdufk1 Zh zrxog olnh wr dfnqrzohgjh khosixo frpphqwv iurp Oduv Kdqvhq/ Fkulv Vlpv dqg Pdun Zdwvrq1 Zh sduwlfxoduo| zdqw wr wkdqn Ohyrq Eduvhjk[r] ...
48