Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/10087| Author(s): | Gabriel, V. J. Martins, L. F. |
| Date: | 2010 |
| Title: | The cost channel reconsidered: a comment using an identification-robust approach |
| Volume: | 42 |
| Number: | 8 |
| Pages: | 1703-1712 |
| ISSN: | 0022-2879 |
| Keywords: | Cost channel Generalized empirical likelihood GMM Phillips curve Weak identification |
| Abstract: | We 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. |
| Peerreviewed: | Sim |
| Access type: | Embargoed Access |
| Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| publisher_version_Journal_of_Money_Credit_Banking.pdf Restricted Access | 92,55 kB | Adobe PDF | View/Open Request a copy |
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