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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17886Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Höppner, Florian | - |
| dc.creator | Gottschalk, Jan | - |
| dc.date | 2001 | - |
| dc.date.accessioned | 2013-10-16T06:57:12Z | - |
| dc.date.available | 2013-10-16T06:57:12Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17886 | - |
| dc.identifier | ppn:334080886 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17886 | - |
| dc.description | This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane which yields the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated monetary policy has had a considerable influence on output. Moreover, we compute the output effects of the systematic monetary policy response to aggregate demand and supply shocks and find that monetary policy pursues a counter-cyclical policy in response to demand shocks and, despite considerable lags, is pro-cyclical with regard to supply shocks. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1074 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | C52 | - |
| dc.subject | C32 | - |
| dc.subject | E52 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Vector Autoregression | - |
| dc.subject | Systematic Monetary Policy | - |
| dc.subject | Historical De-composition | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Schock | - |
| dc.subject | Erwartungstheorie | - |
| dc.subject | Wirtschaftspolitische Wirkungsanalyse | - |
| dc.subject | Konjunktur | - |
| dc.subject | Europäische Wirtschafts- und Währungsunion | - |
| dc.subject | VAR-Modell | - |
| dc.subject | Schätzung | - |
| dc.subject | EU-Staaten | - |
| dc.title | Measuring the Effects of Monetary Policy in the Euro Area: The Role of Anticipated Policy | - |
| dc.type | doc-type:workingPaper | - |
| dc.coverage | 1980-2000 | - |
| Appears in Collections: | EconStor | |
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