EconPapers    
Economics at your fingertips  
 

Interpreting the Macroeconomic Time Series Facts: The Effects of Monetary Policy

Christopher Sims ()

No 1011, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: Existing theory and evidence on the effects of monetary policy are reviewed. Substantial room for disagreement among economists remains. New evidence, based on multivariate time series studies of several countries, is presented. While certain patterns in the data consistent with effective monetary policy are strikingly similar across countries, others, particularly the tendency of interest rate increases to predict high inflation, are harder to reconcile with effective monetary policy.

Keywords: Interest rates; aggregate activity (search for similar items in EconPapers)
JEL-codes: C22 E52 (search for similar items in EconPapers)
Date: 1992-03
Note: CFP 823.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (824) Track citations by RSS feed

Published in European Economic Review (1991), 36: 974-1011

Downloads: (external link)
http://cowles.yale.edu/sites/default/files/files/pub/d10/d1011.pdf (application/pdf)

Related works:
Journal Article: Interpreting the macroeconomic time series facts: The effects of monetary policy (1992) Downloads
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:cwl:cwldpp:1011

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Regan ().

 
Page updated 2019-04-20
Handle: RePEc:cwl:cwldpp:1011