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On measuring the efficiency of monetary policy

Walter Briec, Emmanuelle Gabillon (), Laurence Lasselle () and Hermann Ratsimbanierana

Economics Letters, 2012, vol. 117, issue 1, 182-185

Abstract: Cecchetti et al. (2006) develop a method for allocating macroeconomic performance changes among the structure of the economy, variability of supply shocks and monetary policy. We propose a dual approach of their method by borrowing well-known tools from the production theory.

Keywords: Efficiency frontier; Inflation variability; Farrell measure; Malmquist index (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2012
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Related works:
Working Paper: On measuring the efficiency of monetary policy (2012)
Working Paper: On Measuring the Efficiency of Monetary Policy (2011) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:182-185

DOI: 10.1016/j.econlet.2012.04.107

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