| Titre | La modélisation Var "structurel" : application à la politique monétaire en France | |
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| Auteur | Olivier De Bandt, Catherine Bruneau | |
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Revue | Economie et prévision |
| Numéro | no 137, 1999/1 | |
| Page | 67-94 | |
| Résumé anglais |
Structural VAR modeling: application to France's monetary policy by Catherine Bruneau and Olivier De Bandt
This paper discusses the purposes and limits of "structural" VAR modeling. It explains the choices that modelers have to make at different stages of the procedure. An illustration is provided by an analysis of monetary policy shocks in France over the 1972:1-1995:2 period. Compared with previous studies of this country, the main finding is the statistically significant effect of monetary policy on economic activity and inflation. This is found by introducing an additional variable that measures budget policy. The article shows that "structural" VARs can be used to analyse the 1993 recession. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1999_num_137_1_5948 |
