| dc.contributor.author | KRUSEC, Dejan | |
| dc.date.accessioned | 2011-05-23T13:39:20Z | |
| dc.date.available | 2011-05-23T13:39:20Z | |
| dc.date.issued | 2010 | |
| dc.identifier.citation | Economics letters, 2010, 106, 3, 147-150 | |
| dc.identifier.issn | 0165-1765 | |
| dc.identifier.uri | https://hdl.handle.net/1814/17322 | |
| dc.description.abstract | 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. | |
| dc.language.iso | en | |
| dc.subject | Vector-autoregressive models | |
| dc.subject | Cointegration | |
| dc.subject | Price level | |
| dc.subject | Interest rates | |
| dc.subject | Monetary systems | |
| dc.title | The 'price puzzle' in the monetary transmission VARs with long-run restrictions | |
| dc.type | Article | |
| dc.identifier.doi | 10.1016/j.econlet.2009.04.027 | |
| dc.neeo.contributor | KRUSEC|Dejan|aut| | |
| dc.identifier.volume | 106 | |
| dc.identifier.startpage | 147 | |
| dc.identifier.endpage | 150 | |
| eui.subscribe.skip | true | |
| dc.identifier.issue | 3 | |