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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8107 |
DP8107 Does money matter in shaping domestic business cycles? An international investigation | |
Fabio Canova; Tobias Menz | |
发表日期 | 2010-11-01 |
出版年 | 2010 |
语种 | 英语 |
摘要 | We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a small scale structural monetary business cycle model. Constrained likelihood-based estimates of the parameters are provided and time instabilities analyzed. Real balances are statistically important for output and inflation fluctuations. Their contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical fluctuations, of the transmission of shocks and of the events of the last 40 years. |
主题 | International Macroeconomics |
关键词 | Business cycles Inflation dynamics Money Shock transmission |
URL | https://cepr.org/publications/dp8107 |
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/536929 |
推荐引用方式 GB/T 7714 | Fabio Canova,Tobias Menz. DP8107 Does money matter in shaping domestic business cycles? An international investigation. 2010. |
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