메뉴 건너뛰기




Volumn 42, Issue 3, 1998, Pages 575-592

Monetary shocks in the G-6 countries: Is there a puzzle?

Author keywords

C32; E41; E52; G 6 countries; Monetary policy shocks; Money demand; VAR

Indexed keywords


EID: 0000599722     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(98)00035-X     Document Type: Article
Times cited : (20)

References (30)
  • 1
    • 0001162133 scopus 로고
    • Tests for parameter instability and structural change with unknown change point
    • Andrews D. Tests for parameter instability and structural change with unknown change point. Econometrica. 61:1993;821-856.
    • (1993) Econometrica , vol.61 , pp. 821-856
    • Andrews, D.1
  • 3
    • 85016834058 scopus 로고
    • The federal funds rate and the channels of monetary transmission
    • Bernanke B., Blinder A. The federal funds rate and the channels of monetary transmission. American Economic Review. 82:1992;901-921.
    • (1992) American Economic Review , vol.82 , pp. 901-921
    • Bernanke, B.1    Blinder, A.2
  • 4
    • 0000749762 scopus 로고
    • Identification and the liquidity effect of a monetary policy shock
    • In: Cukierman, A., Hercowitz L., Leiderman, L., (Eds.), MIT Press, Cambridge, MA
    • Christiano, L., Eichenbaum, M., 1992. Identification and the liquidity effect of a monetary policy shock. In: Cukierman, A., Hercowitz L., Leiderman, L., (Eds.), Political economy, growth, and business cycles. MIT Press, Cambridge, MA, pp. 335-370.
    • (1992) Political Economy, Growth, and Business Cycles , pp. 335-370
    • Christiano, L.1    Eichenbaum, M.2
  • 8
    • 0010961285 scopus 로고
    • When do long-run identifying restrictions give reliable results?
    • Board of Governors of the Federal Reserve System No. 62
    • Faust, J., Leeper, E., 1994. When do long-run identifying restrictions give reliable results? International Finance Discussion Papers, Board of Governors of the Federal Reserve System No. 62.
    • (1994) International Finance Discussion Papers
    • Faust, J.1    Leeper, E.2
  • 9
    • 0000063288 scopus 로고
    • Long-run identifying restrictions for an error-correction model of New Zealand money, prices and output
    • Fisher L., Fackler P., Orden D. Long-run identifying restrictions for an error-correction model of New Zealand money, prices and output. Journal of International Money and Finance. 14:1995;127-147.
    • (1995) Journal of International Money and Finance , vol.14 , pp. 127-147
    • Fisher, L.1    Fackler, P.2    Orden, D.3
  • 10
    • 0037874725 scopus 로고    scopus 로고
    • Cash-setting, the call loan rate, and the liquidity effect in Canada
    • Fung, B.S.C., Gupta, R., 1997. Cash-setting, the call loan rate, and the liquidity effect in Canada. Canadian Journal of Economics 30, 1057-1082.
    • (1997) Canadian Journal of Economics , vol.30 , pp. 1057-1082
    • Fung, B.S.C.1    Gupta, R.2
  • 12
    • 33748632313 scopus 로고
    • Five alternative methods of estimating long run equilibrium relationships
    • Gonzalo J. Five alternative methods of estimating long run equilibrium relationships. Journal of Econometrics. 60:1994;203-233.
    • (1994) Journal of Econometrics , vol.60 , pp. 203-233
    • Gonzalo, J.1
  • 14
    • 84931405892 scopus 로고
    • The dynamic impacts of monetary policy: An exercise in tentative identification
    • Gordon D., Leeper E. The dynamic impacts of monetary policy: An exercise in tentative identification. Journal of Political Economy. 102:1994;1228-1247.
    • (1994) Journal of Political Economy , vol.102 , pp. 1228-1247
    • Gordon, D.1    Leeper, E.2
  • 16
    • 0000098636 scopus 로고    scopus 로고
    • Liquidity models in open economies: Theory and empirical evidence
    • Grilli V., Roubini N. Liquidity models in open economies: Theory and empirical evidence. European Economic Review. 40:1996;847-859.
    • (1996) European Economic Review , vol.40 , pp. 847-859
    • Grilli, V.1    Roubini, N.2
  • 18
    • 0000748086 scopus 로고
    • The stability of long-run money demand in five industrial countries
    • Hoffman D., Rasche R., Tieslau M. The stability of long-run money demand in five industrial countries. Journal of Monetary Economics. 35:1995;317-339.
    • (1995) Journal of Monetary Economics , vol.35 , pp. 317-339
    • Hoffman, D.1    Rasche, R.2    Tieslau, M.3
  • 19
    • 84981579311 scopus 로고
    • Maximum likelihood estimation and inference on cointegration-with applications to the demand for money
    • Johansen S., Juselius H. Maximum likelihood estimation and inference on cointegration-with applications to the demand for money. Oxford Bulletin of Economics and Statistics. 52:1990;169-210.
    • (1990) Oxford Bulletin of Economics and Statistics , vol.52 , pp. 169-210
    • Johansen, S.1    Juselius, H.2
  • 20
    • 0000158117 scopus 로고
    • Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models
    • Johansen S. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica. 59:1991;1551-1580.
    • (1991) Econometrica , vol.59 , pp. 1551-1580
    • Johansen, S.1
  • 21
    • 0039049960 scopus 로고    scopus 로고
    • Interpreting money-supply shocks and interest-rate shocks as monetary-policy shocks
    • Kasumovich, M., 1996. Interpreting money-supply shocks and interest-rate shocks as monetary-policy shocks. Bank of Canada working paper no. 96-8.
    • (1996) Bank of Canada Working Paper No. 96-8
    • Kasumovich, M.1
  • 25
    • 0000631178 scopus 로고
    • A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics
    • Osterwald-Lenum M. A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics. Oxford Bulletin of Economic and Statistics. 54:1992;461-472.
    • (1992) Oxford Bulletin of Economic and Statistics , vol.54 , pp. 461-472
    • Osterwald-Lenum, M.1
  • 26
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • Sims C. Macroeconomics and reality. Econometrica. 48:1980;1-48.
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.1
  • 28
    • 44049115762 scopus 로고
    • Interpreting the macroeconomic time series facts: The effects of monetary policy
    • Sims C. Interpreting the macroeconomic time series facts: The effects of monetary policy. European Economic Review. 36:1992;975-1000.
    • (1992) European Economic Review , vol.36 , pp. 975-1000
    • Sims, C.1
  • 30
    • 0002846481 scopus 로고
    • Inflation and monetary targeting in Germany
    • In: Leiderman L., Svensson, L., (Eds.), Brookings Institution, Washington
    • von Hagen, J., 1995. Inflation and monetary targeting in Germany. In: Leiderman L., Svensson, L., (Eds.), Inflation targets, Brookings Institution, Washington.
    • (1995) Inflation Targets
    • Von Hagen, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.