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Population dynamics and monetary policy

✍ Scribed by Barbara Annicchiarico; Alessandro Piergallini

Publisher
Springer
Year
2005
Tongue
English
Weight
260 KB
Volume
19
Category
Article
ISSN
0933-1433

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πŸ“œ SIMILAR VOLUMES

Time-varying yield curve dynamics and mo
Time-varying yield curve dynamics and monetary policy
✍ Haroon Mumtaz; Paolo Surico πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 740 KB

## Abstract Monetary policy, the yield curve and the private sector behaviour of the US economy are modelled as a time‐varying structural vector autoregression. The monetary policy shocks of the early 1980s explain a large portion of the persistence of inflation and the level of the term structure.