Semiparametric Estimates of Monetary Policy Effects: String Theory Revisited
We develop flexible semiparametric time series methods for the estimation of the causal effect of monetary policy on macroeconomic aggregates. Our estimator captures the average causal response to discrete policy interventions in a macrodynamic setting, without the need for assumptions about the pro...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Published: |
Informa UK Limited
2018
|
| Online Access: | http://hdl.handle.net/1721.1/113691 https://orcid.org/0000-0001-6992-8956 |