G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6808
DP6808 On the Optimal Production Capacity for Influenza Vaccine
Rikard Forslid; Mathias Herzing
发表日期2008-04-25
出版年2008
语种英语
摘要This paper studies the responses of residential property and equity prices, inflation and economic activity to monetary policy shocks in 17 countries, using data spanning 1986-2006. We estimate VARs for individual economies and panel VARs in which we distinguish between groups of countries on the basis of the characteristics of their financial systems. The results suggest that using monetary policy to offset asset price movements in order to guard against financial instability may have large effects on economic activity. Furthermore, while financial structure influences the impact of policy on asset prices, its importance appears limited.
主题International Macroeconomics
关键词Asset prices monetary policy Panel var
URLhttps://cepr.org/publications/dp6808
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535646
推荐引用方式
GB/T 7714
Rikard Forslid,Mathias Herzing. DP6808 On the Optimal Production Capacity for Influenza Vaccine. 2008.
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