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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18094Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Tober, Silke | - |
| dc.creator | Kuzin, Vladimir N. | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T06:58:16Z | - |
| dc.date.available | 2013-10-16T06:58:16Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18094 | - |
| dc.identifier | ppn:381836150 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18094 | - |
| dc.description | In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the effects of monetary policy are significantly higher in a downswing than in an upswing. It follows not only that monetary policy has to raise interest rates markedly if an economy is overheating but also that once a downturn is discernible, interest rates have to be lowered rapidly so as to prevent an overly large reaction of the real economy. | - |
| dc.language | eng | - |
| dc.publisher | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | - |
| dc.relation | DIW-Diskussionspapiere 397 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E44 | - |
| dc.subject | E5 | - |
| dc.subject | E32 | - |
| dc.subject | C32 | - |
| dc.subject | C51 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Asymmetry | - |
| dc.subject | monetary policy | - |
| dc.subject | Markov switching | - |
| dc.subject | structural model | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Konjunktur | - |
| dc.subject | Schätzung | - |
| dc.subject | Deutschland | - |
| dc.subject | Markov switching | - |
| dc.title | Asymmetric monetary policy effects in Germany | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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