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Evaluating Policy Regimes: New Research on Empirical Macroeconomics
Evaluating Policy Regimes Empirical Macroeconomics
2015/8/4
Evaluating Policy Regimes: New Research on Empirical Macroeconomics.
The “Price Puzzle” under Changing Monetary Policy Regimes
Federal Funds Rate Monetary Policy Shocks Price Puzzle Vector Autoregressions (VARs) United States
2013/2/23
This paper examines the “price puzzle”, the rise in the price level following a contractionary monetary policy shock, using monthly US data from 1960 to 2006. Deviating from the standard practice is i...