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What do the VARs Mean?: Measuring the Output Effects of Monetary Policy / John H. Cochrane.
- Format:
- Book
- Author/Creator:
- Cochrane, John H.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5154.
- NBER working paper series no. w5154
- Language:
- English
- Subjects (All):
- Monetary policy.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- What do the VARs Mean?
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1995.
- Cambridge, Mass. : National Bureau of Economic Research, 1995.
- Summary:
- What are the relative effects of anticipated vs. unanticipated monetary policy? I examine the effect of this identifying assumption on VAR estimates of the output response to money, assuming that anticipated monetary policy can have some effect on output results in much shorter and smaller output response estimatesþestimates closer to the predictions of most monetary models.
- Notes:
- Print version record
- June 1995.
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