Artikel
Monetary Policy and Business Cycle Asymmetry in Germany
Geldpolitik und Konjunkturasymmetrie in Deutschland In diesem Beitrag untersuchen wir, ob die Auswirkungen der Geldpolitik auf die industrielle Produktion in Deutschland im Verlauf eines von Rezession gekennzeichneten Zeitraums stärker sind als während eines Konjunkturaufschwungs. Wendet man zur Trennung von Rezession und Expansion ein Markovsches Zwei- Stufen-Schaltmodell sowie drei verschiedene Politikindikatoren an, stößt man auf starke Beweise dafür, daß asymmetrische Auswirkungen der Geldpolitik auf den Konjunkturzyklus vorhanden sind. Unsere Erkenntnisse beinhalten, daß bei den üblichen linearen Vorgehensweisen, wie zum Beispiel VAR-Modellen, wichtige zeitvariable Aspekte des Geldtransmissionsmechanismus außer acht gelassen werden
- Language
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Englisch
- Bibliographic citation
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Journal: Kredit und Kapital ; ISSN: 0023-4591 ; Volume: 33 ; Year: 2000 ; Issue: 2 ; Pages: 182-197
- Classification
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Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
- Event
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Geistige Schöpfung
- (who)
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Kakes, Jan
- Event
-
Veröffentlichung
- (who)
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Duncker & Humblot
- (where)
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Berlin
- (when)
-
2000
- DOI
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doi:10.3790/ccm.33.2.182
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Kakes, Jan
- Duncker & Humblot
Time of origin
- 2000
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