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International Observations of Monetary Policy Periods Author info | Abstract | Publisher info | Download info | Related research | Statistics Yamin Ahmad () (Department of Economics, University of Wisconsin - Whitewater)
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I identify twenty observations of monetary policy periods within six of the G7 countries, following the spirit of the Narrative Approach used by Romer and Romer (1989). Statistics are used to characterize the state of these economies from the 1970's until 2001. Major historical events and narrative evidence are then used as a guide to identify these monetary policy periods, which re?ect the stance of monetary policy at central banks during those events. The significance of these monetary policy periods are then assessed using an instrumental variables approach. The results find the policy periods to be significant in the majority of the countries.
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Paper provided by UW-Whitewater, Department of Economics in its series Working Papers with number
05-01.
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Length: 49 pages
Date of creation: Jul 2004Date of revision:
Jul 2007Handle: RePEc:uww:wpaper:05-01Contact details of provider: Postal: Whitewater, WI 53190-1750 Phone: (414) 472-1361 Web page: http://academics.uww.edu/business/economics/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Yamin Ahmad).
Keywords: Monetary Policy Shocks ; Identification ; Narrative Approach ; Other versions of this item:
Find related papers by JEL classification: E00 - Macroeconomics and Monetary Economics - - General - - - General E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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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.: Ben S. Bernanke & Ilian Mihov, 1998.
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Buiter, Willem H & Miller, Marcus, 1981.
"Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation ,"
The Warwick Economics Research Paper Series (TWERPS)
204, University of Warwick, Department of Economics.
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[Downloadable!]
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