Systematic Monetary Policy and the Effects of Oil Price Shocks
Macroeconomic shocks such as wil price increases induce a systematic (endogenous) response of monetary policy. We develop a VAR-based technique for decomposing the total economic effects of a given exogenous shock into the portion attributable directly to the shock and the part arising from the policy response to the shock.
(This abstract was borrowed from another version of this item.)
Volume (Year): 28 (1997)
Issue (Month): 1 ()
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- Kim, Soyoung, 1999. "Do monetary policy shocks matter in the G-7 countries? Using common identifying assumptions about monetary policy across countries," Journal of International Economics, Elsevier, vol. 48(2), pages 387-412, August.
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"Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series,"
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