Chocs d’Offre et Optimalité de la Politique Monétaire dans la Zone Euro

Autor:	Fève, Patrick, Matheron, Julien, Sahuc, Jean-Guillaume
Přispěvatelé:	EconomiX, Université Paris Nanterre (UPN)-Centre National de la Recherche Scientifique (CNRS), Parisnanterre, EconomiX
Jazyk:	francouzština
Rok vydání:	2008
Předmět:	[Pas de mot-clé] Supply shocks SVAR Optimal Monetary Policy jel:E32 jel:E52 Chocs d’offre VARS Politique monétaire optimale supply shocks jel:E31 [SHS.ECO] Humanities and Social Sciences/Economics and Finance [SHS.ECO]Humanities and Social Sciences/Economics and Finance
Zdroj:	Revue Economique Revue Economique, Presses de Sciences Po, 2008, 59, pp.527-536 Revue Economique, 2008, 59, pp.527-536
ISSN:	0035-2764 1950-6694
Popis:	This article assesses monetary policy's performances in the Euro zone in the face of supply shocks. We determine the responses of output, inflation, labor share and the nominal interest rate to a supply shock as identified through a structural VAR model. We then develop a DSGE model with nominal rigidities subject to the optimal monetary policy. The model is estimated and tested on the basis of its ability to reproduce the responses drawn from the VAR model. Our results suggest that assuming optimal monetary policy allows for a satisfying fit to the data.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::a0748ca4652d687bc75bd06b1a45c9a7 https://hal.archives-ouvertes.fr/hal-01612724 Zobrazit plný text záznamu