Doepke, Matthias (contributor) - 2002 - [Elektronische Ressource]
years a large number of studies have used the identified-VAR methodology
to assess theeffects of monetary shocks … first event within the period is the realization of the monetary policy shock. The
central bank hands out X
t
dollars to the … events in period t. The first event of the day
is the cash transfer X
t
from the monetary authority to the bank, and the last …