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dc.contributor.authorKRUSEC, Dejan
dc.date.accessioned2011-05-23T13:39:20Z
dc.date.available2011-05-23T13:39:20Z
dc.date.issued2010
dc.identifier.citationEconomics letters, 2010, 106, 3, 147-150
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/1814/17322
dc.description.abstractThis study addresses the 'price puzzle' - a positive response of prices to monetary tightening in VAR models. By using long-run instead of the usual short-run restrictions on the US data including output, prices and interest rate, we find that monetary tightening had a negative effect on prices.
dc.language.isoen
dc.subjectVector-autoregressive models
dc.subjectCointegration
dc.subjectPrice level
dc.subjectInterest rates
dc.subjectMonetary systems
dc.titleThe 'price puzzle' in the monetary transmission VARs with long-run restrictions
dc.typeArticle
dc.identifier.doi10.1016/j.econlet.2009.04.027
dc.neeo.contributorKRUSEC|Dejan|aut|
dc.identifier.volume106
dc.identifier.startpage147
dc.identifier.endpage150
eui.subscribe.skiptrue
dc.identifier.issue3


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