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Title:The Price Puzzle in the Monetary Transmission Vars with Long-Run Restrictions Author(s):KRUSEC, DejanDate:2010Citation:
- Economics Letters, 2010, 106, 3, 147-150
Type:ArticleAbstract: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 ...
Title:The 'price puzzle' in the monetary transmission VARs with long-run restrictions Author(s):KRUSEC, DejanDate:2010Citation:
- Economics letters, 2010, 106, 3, 147-150
Type:ArticleAbstract: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 ...