The DOI matches its Crossref record; 16 of the 16 references it cites were found in a registry or an index.
Measuring Monetary Policy
Abstract
We develop a model-based, VAR methodology for measuring innovations in monetary policy and their macroeconomic effects. Using this framework, we are able to compare existing approaches to measuring monetary policy shocks and derive a new measure of policy innovations based directly on (possibly time-varying) estimates of the central bank's operating procedures. We also propose a new measure of the overall stance of policy (including the endogenous or systematic component) that is consistent with our approach.
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Citations
Cites
A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
Hamilton, J. D. (1989) · Econometrica · doi:10.2307/1912559 · Cited by 9,646
Tests for parameter instability and structural change with unknown change point.
Andrews, D. W. K. (1993) · Econometrica · doi:10.2307/2951764 · Cited by 4,334
Monetary policy, business cycles, and the behavior of small manufacturing firms
Gertler, M., & Gilchrist, S. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118465 · Cited by 2,547
Interpreting the macroeconomic time series facts
Sims, C. A. (1992) · European Economic Review · doi:10.1016/0014-2921(92)90041-t · Cited by 1,855
Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz
Romer, C., & Romer, D. (1989) · National Bureau of Economic Research · doi:10.3386/w2966 · Cited by 526
‘Interpreting the macroeconomic time series facts: The effects of monetary policy’
Eichenbaum, M. (1992) · European Economic Review · doi:10.1016/0014-2921(92)90042-u · Cited by 486
The identification of monetary policy disturbances explaining the liquidity puzzle
Strongin, S. (1995) · Journal of Monetary Economics · doi:10.1016/0304-3932(95)01197-v · Cited by 471
The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification
Gordon, D. B., & Leeper, E. M. (1994) · Journal of Political Economy · doi:10.1086/261969 · Cited by 434
What Does the Bundesbank Target?
Bernanke, B., & Mihov, I. (1996) · European Economic Review · doi:10.3386/w5764 · Cited by 375
Self-citationCapital Utilization and Returns to Scale
Burnside, C., Eichenbaum, M., & Rebelo, S. (1995) · National Bureau of Economic Research · doi:10.3386/w5125 · Cited by 316
Cited by
The Science of Monetary Policy: A New Keynesian Perspective
Clarida, R., Galí, J., & Gertler, M. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.4.1661 · Cited by 4,916
Inside the black box: the credit channel of monetary policy transmission
Bernanke, B. S., & Gertler, M. (1995) · Journal of Economic Perspectives · doi:10.1257/jep.9.4.27 · Cited by 4,211
Self-citationWhat are the effects of monetary policy on output? Results from an agnostic identification procedure
Uhlig, H. (2005) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2004.05.007 · Cited by 2,307
What are the effects of fiscal policy shocks?
Mountford, A., & Uhlig, H. (2009) · Journal of Applied Econometrics · doi:10.1002/jae.1079 · Cited by 1,349
Banking Globalization and Monetary Transmission
CETORELLI, N., & GOLDBERG, L. S. (2012) · The Journal of Finance · doi:10.1111/j.1540-6261.2012.01773.x · Cited by 774
Metadata
- Authors
- Bernanke, B. S., & Mihov, I.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1998-08-01
- Volume
- 113
- Issue
- 3
- Pages
- 869-902
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2890717445
- Cited by
- 1,641
- References
- 16
- FWCI
- 130.91
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
