When Multiple Objectives Meet Multiple Instruments: Identifying Simultaneous Monetary Shocks
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DOI: 10.32468/be.997
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- Ordoñez-Callamand, Daniel & Hernandez-Leal, Juan D. & Villamizar-Villegas, Mauricio, 2018. "When multiple objectives meet multiple instruments: Identifying simultaneous monetary shocks," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 78-101.
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More about this item
Keywords
Simultaneous policies; Instrumental VAR; Tobit-VAR; Central bank intervention; Monetary trilemma;All these keywords.
JEL classification:
- C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2017-05-28 (Central Banking)
- NEP-ECM-2017-05-28 (Econometrics)
- NEP-MAC-2017-05-28 (Macroeconomics)
- NEP-MON-2017-05-28 (Monetary Economics)
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