C11 - Bayesian Analysis: General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T15:06:36+00:00Monetary Policy Transmission during Financial Crises: An Empirical Analysis
https://www.bankofcanada.ca/2014/06/working-paper-2014-21/
This paper studies the effects of a monetary policy expansion in the United States during times of high financial stress. The analysis is carried out by introducing a smooth transition factor model where the transition between states (“normal” and high financial stress) depends on a financial conditions index.2014-06-05T07:01:27+00:00enMonetary Policy Transmission during Financial Crises: An Empirical Analysis2014-06-05Econometric and statistical methodsFinancial marketsMonetary policy transmissionWorking Paper 2014-21https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-21.pdfMonetary Policy Transmission during Financial Crises: An Empirical AnalysisTatjana DahlhausJune 2014CC1C11C3C32EE3E32E4E44GG0G01