search query: @author Koskela, E. / total: 22
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| Author: | Koskela, E. Viren, M. |
| Title: | Monetary policy reaction functions and saving-investment correlations: some cross-country evidence. |
| Journal: | Weltwirtschaftliches Archiv
1991 : VOL. 127:3, p. 452-471 |
| Index terms: | MONETARY POLICY SAVINGS |
| Language: | eng |
| Abstract: | The authors investigate how strong is the impact of monetary policy on the current account. In almost all the countries investigated a linear reaction function estimated through quarterly data show that current account deficit leads to restrictive monetary policy. Asymmetry and non-linearity in the specification of the reaction function improves the results. |
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