On measuring the efficiency of monetary policy
Emmanuelle Gabillon (),
Laurence Lasselle () and
Economics Letters, 2012, vol. 117, issue 1, 182-185
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)
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Working Paper: On measuring the efficiency of monetary policy (2012)
Working Paper: On Measuring the Efficiency of Monetary Policy (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:182-185
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