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
Pages
5
From page
399
To page
403
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
Serial Year
2005
Journal title
Economics Letters
Record number
435621
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