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

DOI10.1016/J.JEDC.2008.05.010MaRDI QIDQ2271644zbMATH OpenOpenAlexWikidataFDO

Authors Fabio Canova, Luca Gambetti

Publication date 7 August 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

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

zbMATH Keywords

inflation persistencemonetary policytime-varying coefficients structural varstransmission of shocks

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(25)

• 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
• Should the monetary policy rule be different in a financial crisis?
• Structural evolution of the postwar U.S. economy
• The horseshoe prior for time-varying parameter VARs and monetary policy
• Long-term inflation expectations and the transmission of monetary policy shocks: evidence from a SVAR analysis
• Should the Democrats move to the left on economic policy?
• A time-varying parameter structural model of the UK economy
• Methods for inference in large multiple-equation Markov-switching models
• Do institutional changes affect business cycles? Evidence from Europe
• Quasi-Bayesian estimation of time-varying volatility in DSGE models
• Changes in the effects of monetary policy on disaggregate price dynamics
• The transmission of aggregate supply and aggregate demand shocks in Japan: has there been a structural change?
• Changes in the relationship between short-term interest rate, inflation and growth: evidence from the UK, 1820--2014
• Macroeconomic fluctuations in the United States: the role of monetary and fiscal policy shocks
• Bayesian group-shrinkage based estimation for panel vector autoregressive models with mixed frequency data
• Time-varying parameter four-equation DSGE model
• The dynamics of US inflation: can monetary policy explain the changes?
• Investigating time-variation in the marginal predictive power of the yield spread
• Structural shocks and the comovements between output and interest rates

Describes a project that uses

Uses Software

• BayesDA
• bvarsv

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