haku: @indexterm MONETARISM / yhteensä: 40
viite: 7 / 40
| Tekijä: | Jordan, T. Lenz, C. |
| Otsikko: | Monetary and real shocks in a monetary union: the Swiss case |
| Lehti: | Empirical Economics
1995 : VOL. 20:40, p. 635-650 |
| Asiasana: | SWITZERLAND MONETARISM ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The authors analyze to what extent real and monetary shocks affect price levels and real exchange rates in seven Swiss regions. A structural time series model is set up and estimated using the Kalman filter under two assumptions on the persistence of monetary shocks. The authors find that the variability of changes in price levels is mainly due to real shocks. The variance of monetary shocks is small but the monetary component of inflation differences across regions differs from zero with some persistence. |
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