Structural changes in the US economy: is there a role for monetary policy?

DOI10.1016/j.jedc.2008.05.010zbMath1170.91465WikidataQ60147630 ScholiaQ60147630MaRDI QIDQ2271644

Luca Gambetti, Fabio Canova

Publication date: 7 August 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10230/309

zbMATH Keywords

monetary policy; inflation persistence; transmission of shocks; time-varying coefficients structural vars

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

Related Items

Methods for inference in large multiple-equation Markov-switching models, Do institutional changes affect business cycles? Evidence from Europe, The dynamics of US inflation: can monetary policy explain the changes?, Investigating time-variation in the marginal predictive power of the yield spread, The case for Divisia monetary statistics: a Bayesian time-varying approach, Measurement errors and monetary policy: then and now, The dynamics of hours worked and technology, The evolution of U.S. monetary policy: 2000--2007, Keynesian economics without the Phillips curve, Debt regimes and the effectiveness of monetary policy, Explaining the time-varying effects of oil market shocks on US stock returns, The horseshoe prior for time-varying parameter VARs and monetary policy, A time-varying parameter structural model of the UK economy, Quasi‐Bayesian Estimation of Time‐Varying Volatility in DSGE Models

Uses Software

• BayesDA
• bvarsv

Cites Work

• Impulse response analysis in nonlinear multivariate models
• Nonlinear Dynamic Structures
• Stochastic Volatility: Likelihood Inference and Comparison with ARCH Models
• On Gibbs sampling for state space models
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Time Varying Structural Vector Autoregressions and Monetary Policy