Keating, John; Kelly, Logan J.; Smith, Andrew Lee; … - Department of Economics, University of Kansas - 2014
In their classic 1999 paper, Monetary policy shocks: What have we learned and to what end?, Christiano, Eichenbaum, and Evans (CEE) investigate one of the most widely used methods for identifying monetary policy shocks of its time. Unfortunately, their approach is no longer viable, at least not...
