International Observations of Monetary Policy Periods

Yamin Ahmad

Working Papers from UW-Whitewater, Department of Economics

Abstract: I identify twenty observations of monetary policy periods within six of the G7 countries, following the spirit of the Narrative Approach used by Romer and Romer (1989). Statistics are used to characterize the state of these economies from the 1970's until 2001. Major historical events and narrative evidence are then used as a guide to identify these monetary policy periods, which re?ect the stance of monetary policy at central banks during those events. The significance of these monetary policy periods are then assessed using an instrumental variables approach. The results find the policy periods to be significant in the majority of the countries.

Keywords: Monetary Policy Shocks; Identification; Narrative Approach (search for similar items in EconPapers)
JEL-codes: E00 E52 E58 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2004-07, Revised 2007-07
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.uww.edu/documents/colleges/cobe/economics/wpapers/05_01_ahmad.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uww.edu/documents/colleges/cobe/economics/wpapers/05_01_ahmad.pdf [302 Found : Moved Temporarily]--> https://www.uww.edu/documents/colleges/cobe/economics/wpapers/05_01_ahmad.pdf)

Related works:
Journal Article: International Observations of Monetary Policy Periods (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uww:wpaper:05-01

Access Statistics for this paper

More papers in Working Papers from UW-Whitewater, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Yamin Ahmad ().