Series: IMF Working Papers
Author(s): Christopher Crowe , and S. Mahdi Barakchian
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: VAR estimation, Fed Funds Futures, FOMC, inflation, gdp deflator, monetary economics, contractionary monetary policy, Multiple or Simultaneous Equation Models: Time-Series Models,
Conventional VAR and non-VAR methods of identifying the effects of monetary policy shocks on the economy have found a negative output response to monetary tightening using U.S. data over the 1960s-1990s. However, w...