Interpreting money-supply and interest-rate shocks as monetary-policy shocks / by Marcel Kasumovich.: FB3-2/96-8E-PDF
In this paper two shocks are analysed using Canadian data: a money-supply shock (M-shock) and an interest-rate shock (R-shock). Money-supply shocks are derived using long-run restrictions based on long-term propositions of monetary theory. Thus, an M-shock is represented by an orthogonalized innovation in the trend shared by money and prices. An R-shock is represented by the orthogonalized innovation in the overnight interest rate.--Abstract
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.571655&sl=0
| Department/Agency |
|
|---|---|
| Title | Interpreting money-supply and interest-rate shocks as monetary-policy shocks / by Marcel Kasumovich. |
| Series title |
|
| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
| Electronic document | |
| Other formats | Physical text-[English] |
| Note(s) |
|
| Publishing information |
|
| Description | 44p.references, tables |
| ISSN | 1701-9397 |
| Catalogue number |
|
| Subject terms |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.Page details
- Date modified: