The Cost Channel Reconsidered: A Comment Using an Identification-Robust Approach

We reexamine the empirical relevance of the cost channel of monetary policy (e.g., Ravenna and Walsh 2006), employing recently developed momentconditions inference methods, including identification-robust procedures. Using U.S. data, our results suggest that the cost channel effect is poorly identif... Ausführliche Beschreibung

1. Person: GABRIEL, VASCO J.
Weitere Personen: MARTINS, LUIS F. verfasserin
Quelle: in Journal of Money, Credit and Banking Vol. 42, No. 8 (2010), p. 1703-1712
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Format: Online-Artikel
Sprache: English
Veröffentlicht: 2010
Beschreibung: Online-Ressource
Schlagworte: research-article
Online Zugang: Volltext
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Anmerkung: Copyright: Copyright © 2010 The Ohio State University
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