This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five
OECD countries, using a structural Vector Autoregression approach. Its main results can be …

Monetary DGSE models under rational expectations typically require large degrees of
features as habit formation in consumption and inflation indexation to match the inertia of …

Has the persistence of inflation in the United States changed since 1965? We estimate the
persistence of inflation over time using different measures and estimation procedures and …

The Monetary Transmission Mechanism: Some Answers and Further Questions Page 1
FRBNY Economic Policy Review / May 2002 15 The Monetary Transmission Mechanism …

Assessing Changes in the Monetary Transmission Mechanism: A VAR Approach Page 1
FRBNY Economic Policy Review / May 2002 97 Assessing Changes in the Monetary …

A number of countries have adopted Inflation Targeting (IT) since the early 1990s in an
attempt to reduce inflation to low levels. Since then, IT has been praised by most literature as …

This paper examines the dynamic linkages between monetary policy and the stock market
during the three distinct monetary regimes of Burns, Volcker and Greenspan since the …

In this paper we calculate robustly optimal monetary policy rules for several variants of a
simple optimizing model of the monetary transmission mechanism with sticky prices and/or …

We use a time‐varying factor‐augmented VAR to investigate changes in the transmission
mechanism of economic shocks in the UK. Our estimates demonstrate the importance of …

A number of countries have adopted Inflation Targeting (IT) since the early 1990s in an
attempt to reduce inflation to low levels. Since then, IT has been praised by most literature as …