DOES MONETARY POLICY GENERATE RECESSIONS?

DOI10.1017/S136510050605019XzbMATH Open1151.91659OpenAlexW1503128159MaRDI QIDQ5483956FDOQ5483956

Authors: Christopher A. Sims, Tao Zha 

Publication date: 24 August 2006

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s136510050605019x

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zbMATH Keywords

identificationmonetary policystructural var

Mathematics Subject Classification ID

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

Cites Work

• Solving linear rational expectations models
• Error Bands for Impulse Responses
• Time to Build and Aggregate Fluctuations: Some New Evidence
• Relative-Price Changes as Aggregate Supply Shocks

Cited In (17)

• Should the monetary policy rule be different in a financial crisis?
• VALIDATING DSGE MODELS WITH SVARS AND HIGH-DIMENSIONAL DYNAMIC FACTOR MODELS
• How well does sticky information explain the dynamics of inflation, output, and real wages?
• Effects of US quantitative easing on emerging market economies
• Long-term inflation expectations and the transmission of monetary policy shocks: evidence from a SVAR analysis
• Does money matter for the identification of monetary policy shocks: a DSGE perspective
• Exchange rate regimes and fiscal multipliers
• The macroeconomic effects of uncertainty shocks: the role of the financial channel
• Bayesian inference on structural impulse response functions
• Financial fragmentation and the monetary transmission mechanism in the euro area: a smooth transition VAR approach
• Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule
• Modeling time-variation over the business cycle (1960--2017): an international perspective
• What can time-series regressions tell us about policy counterfactuals?
• SEASONALITY AND MONETARY POLICY
• OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND THE “GREAT MODERATION”
• Theoretical conditions under which monetary policies are effective and practical obstacles to their verification
• Block recursion and structural vector autoregressions

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