The cost channel reconsidered: A comment using an identification-robust approach
Gabriel, VJ and Martins, LF (2010) The cost channel reconsidered: A comment using an identification-robust approach Journal of Money, Credit and Banking, 42 (8). pp. 1703-1712.
gabriel&martins JMCB 10.pdf
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We re-examine the empirical relevance of the cost channel of monetary policy (e.g. Ravenna andWalsh, 2006), employing recently developed moment-conditions inference meth- ods, including identi�cation-robust procedures. Using US data, our results suggest that the cost channel e¤ect is poorly identi�ed and we are thus unable to corroborate the previous results in the literature.
|Divisions :||Faculty of Arts and Social Sciences > School of Economics|
|Identification Number :||10.1111/j.1538-4616.2010.00361.x|
|Additional Information :||The definitive version is available at <a href="http://onlinelibrary.wiley.com/doi/10.1111/j.1538-4616.2010.00361.x/abstract;jsessionid=B5E83BFC17B5B998D315429EDAFED69E.d02t01</a>.|
|Depositing User :||Symplectic Elements|
|Date Deposited :||16 Jul 2012 09:16|
|Last Modified :||18 Sep 2014 01:45|
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