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Monetary policy design and the buffer-stock hypothesis: further evidence from European Union countries


  • Nicholas Apergis


The buffer-stock hypothesis is examined through a structural vector autoregression (SVAR) model across European Union (EU) countries. Variance decompositions do not provide uniform evidence in favour of the buffer-stock hypothesis in all case studies. The results are very important for the design of monetary policy within EU.

Suggested Citation

  • Nicholas Apergis, 1999. "Monetary policy design and the buffer-stock hypothesis: further evidence from European Union countries," Applied Economics Letters, Taylor & Francis Journals, vol. 6(12), pages 793-796.
  • Handle: RePEc:taf:apeclt:v:6:y:1999:i:12:p:793-796 DOI: 10.1080/135048599352187

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    References listed on IDEAS

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