The cost channel reconsidered : a comment using an identification-robust approach

dc.contributor.author	Gabriel, Vasco J.
dc.contributor.author	Martins, Luís F.
dc.date.accessioned	2011-02-07T12:57:34Z
dc.date.available	2011-02-07T12:57:34Z
dc.date.issued	2010
dc.description.abstract	We re-examine the empirical relevance of the cost channel of monetary policy (e.g. Ravenna and Walsh, 2006), employing recently developed moment-conditions inference methods, including identification-robust procedures. Using US data, our results suggest that the cost channel effect is poorly identified and we are thus unable to corroborate the previous results in the literature.	por
dc.description.sponsorship	Fundação para a Ciência e a Tecnologia (FCT) - PTDC/ECO/68367/2006	por
dc.description.sponsorship	ESRC - RES-061-25-0115	por
dc.identifier.citation	“NIPE Working Paper”. 30 (2010) 1-12.	por
dc.identifier.uri	https://hdl.handle.net/1822/11657
dc.language.iso	eng	por
dc.peerreviewed	no	por
dc.publisher	Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)	por
dc.rights	openAccess	por
dc.subject	Cost channel	por
dc.subject	Phillips curve	por
dc.subject	GMM	por
dc.subject	Generalized empirical likelihood	por
dc.subject	Weak identification	por
dc.title	The cost channel reconsidered : a comment using an identification-robust approach	por
dc.type	workingPaper	por
dspace.entity.type	Publication	en

Ficheiros

A mostrar 1 - 1 de 1