The Cost Channel Reconsidered: A Comment Using an Identification‐Robust Approach

Vasco Gabriel and Luis Martins

Journal of Money, Credit and Banking, 2010, vol. 42, issue 8, 1703-1712

Abstract: We reexamine the empirical relevance of the cost channel of monetary policy (e.g., 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.

Date: 2010
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https://doi.org/10.1111/j.1538-4616.2010.00361.x

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Journal Article: The Cost Channel Reconsidered: A Comment Using an Identification-Robust Approach (2010)
Working Paper: The cost channel reconsidered: a comment using an identification-robust approach (2010)
Working Paper: The Cost Channel Reconsidered: A Comment Using an Identification-Robust Approach (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:42:y:2010:i:8:p:1703-1712

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