Bookcover of Asymmetric Effects of Monetary Policy: Theory and Evidence
Booktitle:

Asymmetric Effects of Monetary Policy: Theory and Evidence

LAP LAMBERT Academic Publishing (2015-01-13 )

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ISBN-13:

978-3-659-66551-6

ISBN-10:
3659665517
EAN:
9783659665516
Book language:
English
Blurb/Shorttext:
Empirical studies have documented the presence of asymmetric effects of monetary policy. In this monograph both empirical and theoretical research is conducted. Firstly, the literature on the asymmetric efects of monetary policy is surveyed. Secondly, an empirical analysis is done: the U.S. data is tested for the asymmetric efects of monetary policy using a Markov-switching model. Finally, as the main part, a theoretical analysis is conducted using a standard New Keynesian model with the Zero Lower Bound constraint on the nominal interest rate. The issue of asymmetries is important for the policymakers in order to conduct a monetary policy in the most effective way.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Elizaveta Lukmanova
Number of pages:
60
Published at:
2015-01-13
Stock:
Available
Category:
Economics
Price:
35.90 €
Keywords:
Nonlinearity, Splines, Asymmetries of monetary policy

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