Ettmeier, Stephanie; Kriwoluzky, Alexander - Leibniz-Institut für Wirtschaftsforschung Halle - 2017
In this study, we test whether three popular measures for monetary policy, that is, Romer and Romer (2004), Barakchian and Crowe (2013), and Gertler and Karadi (2015), constitute suitable proxy variables for monetary policy shocks. To this end, we employ different test statistics used in the...
