Title of article :
Nonlinear monetary policy in Europe: fact or myth?
Author/Authors :
Allard Bruinshoofd، نويسنده , , Bertrand Candelon، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Abstract :
We hold the fort for linear specification of monetary policy and economic activity in Europe. Using data on the last two and a half decades, we cannot reject the hypothesis that monetary policy is a linear process and we find mixed results regarding economic activity.
Keywords :
Nonlinear models , Time series model specification , Linearity tests
Journal title :
Economics Letters
Journal title :
Economics Letters
