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Author:Jang, K.
Ogaki, M.
Title:The effects of monetary policy shocks on exchange rates: a structural vector error correction model approach
Journal:Journal of the Japanese and International Economies
2004 : MAR, VOL. 18:1, p. 99-114
Index terms:Monetary policy
Exchange rates
Econometric models
Cointegration
Language:eng
Abstract:The empirical reults based on the long-run restrictions are found to be more consistent with standard models of exchange rate determination than the results based on the recursive order restrictions.
SCIMA record nr: 256640
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