On the derivation of monetary policy shocks: Should we throw the VAR out with the bath water?

Journal of Money, Credit and Banking

Volumn 32, Issue 2, 2000, Pages 254-279

  Brunner, Allan D ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0034372592     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2601242     Document Type: Article

References (16)

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2. Bernanke, Ben, and Alan Blinder. "The Federal Funds Rate and the Channels of Monetary Policy Transmission." American Economic Review 82 (1992), 901-21.
3. Bernanke, Ben and Ilian Mihov. "Measuring Monetary Policy." Working paper 95-09, Federal Reserve Bank of San Francisco, 1995.
4. Blanchard, Olivier, and Danny Quah. "The Dynamic Effects of Aggregate Demand and Supply Disturbances." American Economic Review 79 (1989), 655-73.
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8. Christiano, Lawrence J., Martin Eichenbaum, and Charles L. Evans. "Identification and the Effects of Monetary Policy Shocks," in Financial Factors in Economic Stabilization and Growth, edited by M. Blejer, Z Eckstein, Z Hercowitz, and L. Leiderman, pps. 36-74, 1996.
9. Evans, Charles L., and Kenneth N. Kuttner. "On the Use of Econometric Measures of Monetary Shocks." Manuscript, 1997.
10. Gordon, David B., and Eric M. Leeper. "The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification." Journal of Political Economy 102 (1994), 1228-47.
11. Leeper, Eric M., and David B. Gordon. "In Search of the Liquidity Effect." Journal of Monetary Economics 29 (1992), 341-69.
12. Rudebusch, Glenn R. "Do Measures of Monetary Policy in a VAR Make Sense?" Manuscript, 1996.
13. Sims, Christopher A. "Macroeconomics and Reality." Econometrica 48 (1980), 1-48.
14. _ . "Are Forecasting Models Usable for Policy Analysis?" Quarterly Review, Federal Reserve Bank of Minneapolis 10 (Winter 1986), 2-16.
15. _ . "Comment on Glenn Rudebusch's 'Do Measures of Monetary Policy in a VAR Make Sense?'" Manuscript, 1996.
16. Strongin, Steve. "The Identification of Monetary Policy Disturbances: Examining the Liquidity Effect." Journal of Monetary Economics 35 (1995), 463-97.