Identifying and estimating the effects of unconventional monetary policy:
how to do it and what have we learned?

dc.contributor.author Rossi, Barbara, 1971-
dc.date.accessioned 2021-09-07T11:54:35Z
dc.date.available 2021-09-07T11:54:35Z
dc.date.issued 2020-07-31
dc.description.abstract The recent financial crisis led central banks to lower their interest rates in order to stimulate the economy until they hit the zero lower bound. How should one identify monetary policy shocks in unconventional times? Are unconventional monetary policies as effective as conventional ones? And has the monetary policy transmission mechanism changed in the zero lower bound era? This article aims at providing an overview of the econometric challenges and solutions to the identi cation of monetary policy shocks in unconventional times as well as a survey of their empirical effcts on the economy.ca
dc.format.mimetype application/pdf*
dc.identifier.uri http://hdl.handle.net/10230/48403
dc.language eng
dc.language.iso engca
dc.rights.accessRights info:eu-repo/semantics/openAccessca
dc.subject.other Shock identificationca
dc.subject.other VARsca
dc.subject.other Zero lower boundca
dc.subject.other Unconventional monetary policyca
dc.subject.other Monetary policyca
dc.subject.other External instrumentsca
dc.subject.other Forward guidanceca
dc.title Identifying and estimating the effects of unconventional monetary policy: how to do it and what have we learned?ca
dc.type info:eu-repo/semantics/workingPaperca
dc.type.version info:eu-repo/semantics/draftca

Col·leccions