The Transmission of Monetary Policy Shocks in Italy, 1967-1997 |
Contents
structural VAR using a long data sample focusing on a long sample period permits | 7 |
a measure of monetary policy | 13 |
The transmission of monetary shocks | 19 |
2 other sections not shown
Common terms and phrases
40 45 response Bagliano Banca d'Italia Bank of Italy Base Informativa Pubblica Bernanke Buttiglione CD ROM Base channel of monetary CHOWS Christiano decrease deviation bands deviations from baseline discount rate discussed disinflation economy effective exchange rate effects of monetary effects on output Eichenbaum and Evans equation estimate exchange rate appreciates exchange rate puzzle Favero Federal Funds Rate Gaiotti Gavosto identified import prices interest rate International Financial Statistics International Monetary Fund Istat Italian inflation Kim and Roubini literature monetary policy shocks monetary restriction monetary shock Nicoletti Altimari output and prices pass-through policy rate policy transmission politica monetaria price level price puzzle price shock rate depreciation rate on repo real wage repurchase agreements response functions response of prices role ROM Base Informativa Smets Spaventa Temi di discussione TERLIZZESE tightened transmission mechanism transmission of monetary u₁ variance decomposition Visco wage indexation wages and import