000 01900nam##2200313za#4500
0019.613298
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008150406|1996||||xxc|||||     f|0| 0 eng|d
020 |a0-662-24908-9
022 |a1192-5434
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/96-8E
1102 |aBank of Canada.
24510|aInterpreting money-supply and interest-rate shocks as monetary-policy shocks / |cby Marcel Kasumovich.
260 |aOttawa - Ontario : |bBank of Canada |c1996.
300 |a39p. : |bfigs., references, tables ; |c28 cm.
4901 |aWorking paper|x1192-5434|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.
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 |aRésumés en français
563 |aSoftcover
590 |a96-32|b1996-08-09
69007|aFiscal policy|2gcpds
7201 |aKasumovich, Marcel
7760#|tInterpreting money-supply and interest-rate shocks as monetary-policy shocks / |w(CaOODSP)9.571655
830#0|aWorking paper,|x1192-5434|v96-8|w(CaOODSP)9.514622