Date: 2010
Type: Article
The Price Puzzle in the Monetary Transmission Vars with Long-Run Restrictions
Economics Letters, 2010, 106, 3, 147-150
KRUSEC, Dejan, The Price Puzzle in the Monetary Transmission Vars with Long-Run Restrictions, Economics Letters, 2010, 106, 3, 147-150
- https://hdl.handle.net/1814/16529
Retrieved from Cadmus, EUI Research Repository
This 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. (c) 2009 Elsevier B.V. All rights reserved.
Cadmus permanent link: https://hdl.handle.net/1814/16529
Full-text via DOI: 10.1016/j.econlet.2009.04.027
ISSN: 0165-1765
Publisher: Elsevier Science Sa
Files associated with this item
Files | Size | Format | View |
---|---|---|---|
There are no files associated with this item. |