INTERPRETING THE MACROECONOMIC TIME-SERIES FACTS - THE EFFECTS OF MONETARY-POLICY

被引：704

作者：

SIMS, CA

机构：

[1] Yale University, New Haven, CT

来源：

EUROPEAN ECONOMIC REVIEW | 1992年 / 36卷 / 05期

关键词：

D O I：

10.1016/0014-2921(92)90041-T

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 arc strikingly similar across countries, others, particularly the tendency of interest rate increases to predict high inflation, are harder to reconcile with effective monetary policy.

引用

页码：975 / 1000

页数：26