| dc.contributor.author | CANOVA, Fabio | |
| dc.contributor.author | FERRONI, Filippo | |
| dc.date.accessioned | 2014-01-10T13:03:48Z | |
| dc.date.available | 2014-01-10T13:03:48Z | |
| dc.date.issued | 2012 | |
| dc.identifier.citation | Journal of Econometrics, 2012, Vol. 167, No. 1, pp. 47-6 | |
| dc.identifier.issn | 1872-6895 | |
| dc.identifier.issn | 0304-4076 | |
| dc.identifier.uri | https://hdl.handle.net/1814/29197 | |
| dc.description | Received 6 September 2006
Received in revised form
10 July 2010
Accepted 9 August 2011
Available online 9 November 2011 | en |
| dc.description.abstract | We investigate the relationship between monetary policy and inflation dynamics in the US using a medium scale structural model. The specification is estimated with Bayesian techniques and fits the data reasonably well. Policy shocks account for a part of the decline in inflation volatility; they have been less effective in triggering inflation responses over time and qualitatively account for the rise and fall in the level of inflation. A number of structural parameter variations contribute to these patterns. | en |
| dc.description.uri | http://www.sciencedirect.com/science/article/pii/S0304407611002399# | |
| dc.language.iso | en | en |
| dc.relation.ispartof | Journal of Econometrics | |
| dc.relation.uri | http://www.sciencedirect.com/science/article/pii/S0304407611002399# | |
| dc.title | The dynamics of US inflation : can monetary policy explain the changes? | en |
| dc.type | Article | en |
| dc.identifier.volume | 167 | en |
| dc.identifier.startpage | 47 | en |
| dc.identifier.endpage | 60 | en |
| eui.subscribe.skip | true | |
| dc.identifier.issue | 1 | en |