Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?
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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]
Collections | ANU Research Publications |
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Date published: | 2014 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/14621 |
Source: | Economic Record |
DOI: | 10.1111/1475-4932.12121 |
Access Rights: | Open Access |
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Phan Output Composition of the Monetary Policy 2013.pdf | 1.52 MB | Adobe PDF | ![]() |
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