The cost channel reconsidered: a comment using an identification-robust approach

Detalhes bibliográficos
Autor(a) principal: Gabriel, V. J.
Data de Publicação: 2010
Outros Autores: Martins, L. F.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Texto Completo: https://ciencia.iscte-iul.pt/public/pub/id/6203
http://hdl.handle.net/10071/10087
Resumo: We reexamine the empirical relevance of the cost channel of monetary policy (e.g., <link rid="b21">Ravenna and Walsh 2006), employing recently developed moment-conditions inference methods, including identification-robust procedures. Using U.S. data, our results suggest that the cost channel effect is poorly identified and we are thus unable to corroborate the previous results in the literature.
id RCAP_3350c4cc25a0e215ee194fc60bcc1bfc
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/10087
network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository_id_str https://opendoar.ac.uk/repository/7160
spelling The cost channel reconsidered: a comment using an identification-robust approachCost channelGeneralized empirical likelihoodGMMPhillips curveWeak identificationWe reexamine the empirical relevance of the cost channel of monetary policy (e.g., <link rid="b21">Ravenna and Walsh 2006), employing recently developed moment-conditions inference methods, including identification-robust procedures. Using U.S. data, our results suggest that the cost channel effect is poorly identified and we are thus unable to corroborate the previous results in the literature.Wiley-Blackwell2015-11-03T18:11:43Z2010-01-01T00:00:00Z20102015-11-03T18:07:34Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/public/pub/id/6203http://hdl.handle.net/10071/10087eng0022-2879Gabriel, V. J.Martins, L. F.info:eu-repo/semantics/embargoedAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-07-07T03:54:55Zoai:repositorio.iscte-iul.pt:10071/10087Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T18:34:10.951465Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv The cost channel reconsidered: a comment using an identification-robust approach
title The cost channel reconsidered: a comment using an identification-robust approach
spellingShingle The cost channel reconsidered: a comment using an identification-robust approach
Gabriel, V. J.
Cost channel
Generalized empirical likelihood
GMM
Phillips curve
Weak identification
title_short The cost channel reconsidered: a comment using an identification-robust approach
title_full The cost channel reconsidered: a comment using an identification-robust approach
title_fullStr The cost channel reconsidered: a comment using an identification-robust approach
title_full_unstemmed The cost channel reconsidered: a comment using an identification-robust approach
title_sort The cost channel reconsidered: a comment using an identification-robust approach
author Gabriel, V. J.
author_facet Gabriel, V. J.
Martins, L. F.
author_role author
author2 Martins, L. F.
author2_role author
dc.contributor.author.fl_str_mv Gabriel, V. J.
Martins, L. F.
dc.subject.por.fl_str_mv Cost channel
Generalized empirical likelihood
GMM
Phillips curve
Weak identification
topic Cost channel
Generalized empirical likelihood
GMM
Phillips curve
Weak identification
description We reexamine the empirical relevance of the cost channel of monetary policy (e.g., <link rid="b21">Ravenna and Walsh 2006), employing recently developed moment-conditions inference methods, including identification-robust procedures. Using U.S. data, our results suggest that the cost channel effect is poorly identified and we are thus unable to corroborate the previous results in the literature.
publishDate 2010
dc.date.none.fl_str_mv 2010-01-01T00:00:00Z
2010
2015-11-03T18:11:43Z
2015-11-03T18:07:34Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://ciencia.iscte-iul.pt/public/pub/id/6203
http://hdl.handle.net/10071/10087
url https://ciencia.iscte-iul.pt/public/pub/id/6203
http://hdl.handle.net/10071/10087
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0022-2879
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Wiley-Blackwell
publisher.none.fl_str_mv Wiley-Blackwell
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833597514183344128

Registros relacionados