Skip navigation
Skip navigation

Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?

Phan, Tuan

Description

This article compares the output composition of the monetary policy transmission mechanism in Australia to that for the Euro area and the USA. Four vector autoregressive (VAR) models are used to estimate the contributions of private consumption and investment to output reactions resulting from nominal interest rate shocks for the period 1982Q3-2007Q4. The results suggest that the investment channel plays a more important role than the consumption channel in Australia, while the contributions of...[Show more]

CollectionsANU Research Publications
Date published: 2014
Type: Journal article
URI: http://hdl.handle.net/1885/14621
Source: Economic Record
DOI: 10.1111/1475-4932.12121

Download

File Description SizeFormat Image
Phan Output Composition of the Monetary Policy 2013.pdf1.52 MBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  12 November 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator