Real and nominal effects of monetary policy shocks
Using Canadian data we estimate the effects of monetary policy shocks on various real and nominal variables using a fully recursive VAR model. We decompose the nominal interest rate into an ex-ante real interest rate and inflationary expectations using the Blanchard-Quah structural VAR model with th...
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Format: | Others |
Language: | en |
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University of Saskatchewan
2004
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Online Access: | http://library.usask.ca/theses/available/etd-08192004-115457/ |