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008150406|1996||||xxc|||||o    f|0| 0 eng|d
022 |a1701-9397
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/96-8E-PDF
1102 |aBank of Canada.
24510|aInterpreting money-supply and interest-rate shocks as monetary-policy shocks / |h[electronic resource]|cby Marcel Kasumovich.
260 |aOttawa - Ontario : |bBank of Canada |cJuly 1996.
300 |a44p.|breferences, tables
4901 |aBank of Canada working paper|x1701-9397|v96-8
500 |a"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.
500 |aThe ISBN (0-662-249408-9) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication.
5203 |aIn 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
546 |aRésumé en français.
590 |a11-19-Supp|b2011-09-23
69007|aFiscal policy|2gcpds
69007|aInterest rates|2gcpds
7201 |aKasumovich, Marcel
7760#|tInterpreting money-supply and interest-rate shocks as monetary-policy shocks / |w(CaOODSP)9.613298
830#0|aWorking paper (Bank of Canada)|x1701-9397|v96-8|w(CaOODSP)9.504604
85640|ahttp://publications.gc.ca|qPDF|s111 KB|uhttps://publications.gc.ca/collections/Collection/FB3-2-96-8E.pdf|y96-8