Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
963388 | Journal of International Money and Finance | 2015 | 25 Pages |
Abstract
We present a simple monetary model (with sticky prices) to highlight spillovers to output gaps. We then show using a sequence of nonstructural VARs and a Global VAR, the effects of monetary policies measured using short-term interest rates and money base stocks. We conclude that money base expansions in particular have generally positive output effects both within and across borders.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Robert Dekle, Koichi Hamada,