The cost channel reconsidered: a comment using an identification-robust approach

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dc.contributor.authorGabriel, V. J.
dc.contributor.authorMartins, L. F.
dc.date.accessioned2015-11-03T18:11:43Z
dc.date.available2015-11-03T18:11:43Z
dc.date.issued2010
dc.date.updated2015-11-03T18:07:34Z
dc.description.abstractWe reexamine the empirical relevance of the cost channel of monetary policy (e.g., <link rid="b21">Ravenna and Walsh 2006), employing recently developed moment-conditions inference methods, including identification-robust procedures. Using U.S. data, our results suggest that the cost channel effect is poorly identified and we are thus unable to corroborate the previous results in the literature.por
dc.distributionInternacionalpor
dc.identifier.issn0022-2879por
dc.identifier.urihttps://ciencia.iscte-iul.pt/public/pub/id/6203
dc.identifier.urihttp://hdl.handle.net/10071/10087
dc.journalJournal of Money, Credit and Bankingpor
dc.language.isoengpor
dc.number8por
dc.pagination1703-1712por
dc.peerreviewedSimpor
dc.publicationstatusPublicadopor
dc.publisherWiley-Blackwellpor
dc.relation.publisherversionThe definitive version is available at: http://dx.doi.org/10.1111/j.1538-4616.2010.00361.xpor
dc.rightsembargoed accesspor
dc.subjectCost channelpor
dc.subjectGeneralized empirical likelihoodpor
dc.subjectGMMpor
dc.subjectPhillips curvepor
dc.subjectWeak identificationpor
dc.titleThe cost channel reconsidered: a comment using an identification-robust approachpor
dc.typearticleen_US
dc.volume42por
degois.publication.firstPage1703por
degois.publication.issue8por
degois.publication.lastPage1712por
degois.publication.titleJournal of Money, Credit and Bankingpor
dspace.entity.typePublicationen

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