| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6400 |
| 来源ID | Working Paper 6400 |
| Monetary Policy Shocks: What Have We Learned and to What End? | |
| Lawrence J. Christiano; Martin Eichenbaum; Charles L. Evans | |
| 发表日期 | 1998-02-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models that can be used to think about systematic changes in monetary policy institutions and rules. The literature has not yet converged on a particular set of assumptions for identifying the effects of an exogenous shock to monetary policy. Nevertheless, there is considerable agreement about the qualitative effects of a monetary policy shock in the sense that inference is robust across a large subset of the identification schemes that have been considered in the literature. We document the nature of this agreement as it pertains to key economic aggregates. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w6400 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563914 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Martin Eichenbaum,Charles L. Evans. Monetary Policy Shocks: What Have We Learned and to What End?. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6400.pdf（4922KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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