THE RESPONSE OF MONETARY POLICY THROUGH INTEREST RATE TO OUTPUT GAP

It’s proposed to create a macroeconomic model in order to determine the relationship between these variables. This model is based on a structural autoregressive vector. The reaction form of studied variables to shocks of other variables included in the model represents the mechanism of transmission. Determination of this mechanism is considered a major objective of many macroeconomic studies.

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Year of publication:	2011
Authors:	PÂRÞACHI, Ion ; MIJA, Simion
Published in:	Proceedings of the International Conference Investments and Economic Recovery. - Facultatea de Management. - Vol. 10.2011, 1, p. 109-114
Publisher:	Facultatea de Management
Subject:	career development \| knowledge \| lifelong learning

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009350640