Monetary Policy Shocks: What Have We Learned and to What End?

著者: Lawrence J. Christiano, Martin Eichenbaum, Charles L. Evans - 1998 被引用: 1,850

This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models that can be used to think about systematic changes in monetary policy institutions and rules.