Same, but different : testing monetary policy shock measures / Stephanie Ettmeier, Alexander Kriwoluzky ; IWH, Halle Institute for Economic Research
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Discovery
883871610
URN
urn:nbn:de:gbv:3:2-71302
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH), April 2017
Umfang
1 Online-Ressource (13 Seiten, 0,55 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
In this study, we test whether three popular measures for monetary policy, that is, Romer and Romer (2004), Barakchian and Crowe (2013), and Gertler and Karadi (2015), constitute suitable proxy variables for monetary policy shocks. To this end, we employ different test statistics used in the literature to detect weak proxy variables. We find that the measure derived by Gertler and Karadi (2015) is the most suitable in this regard.
Schriftenreihe
IWH-Diskussionspapiere ; 2017, no. 9 ppn:837399270