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Nonlinear monetary policy in europe: fact or myth? Author info | Abstract | Publisher info | Download info | Related research | Statistics W.A. Bruinshoofd
B. Candelon
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We hold the fort for linear specification of monetary policy and economic activity in Europe. Using data on the last two and a half decades we cannot reject the hypothesis that monetary policy is a linear process and we find mixed results regarding economic activity.
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Paper provided by Netherlands Central Bank, Research Department in its series WO Research Memoranda (discontinued) with number
758.
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Length: 14 pages
Date of creation: Mar 2004Date of revision:
Handle: RePEc:dnb:wormem:758Contact details of provider: Postal: Postbus 98, 1000 AB Amsterdam Web page: http://www.dnb.nl/dnb/home?lang=en More information through EDIRC
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Keywords: Time series model specification Linearity tests Nonlinear models Other versions of this item:
Find related papers by JEL classification: C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Dolado, Juan J. & María-Dolores, Ramón & Naveira Barrero, Manuel, 2000.
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Karras, Georgios, 1996.
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"Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy ,"
Review of Economic Studies ,
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Other versions: Dufrenot, Gilles & Mignon, Valerie & Peguin-Feissolle, Anne, 2004.
"Business cycles asymmetry and monetary policy: a further investigation using MRSTAR models ,"
Economic Modelling ,
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René Garcia & Huntley Schaller, 1999.
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Garcia, R. & Schaller, H., 1995.
"Are the Effects of Monetary Policy Asymmetric? ,"
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9505, Universite de Montreal, Departement de sciences economiques.
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"Asymmetries in Monetary Policy Reaction Function: Evidence for U.S. French and German Central Banks ,"
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Berkeley Electronic Press, vol. 6(2), pages 1006-1006.
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Manuel M F Martins & Alvaro Aguiar, 2005.
"Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker ,"
Money Macro and Finance (MMF) Research Group Conference 2005
41, Money Macro and Finance Research Group.
[Downloadable!]
Alvaro Aguiar & Manuel M. F. Martins, 2005.
"Testing for Asymmetries in the Preferences of the Euro-Area Monetary Policymaker ,"
FEP Working Papers
182, Universidade do Porto, Faculdade de Economia do Porto.
[Downloadable!]
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