Monetary policy design and the buffer-stock hypothesis: further evidence from European Union countries

Authors
Apergis, N
Citation
N. Apergis, Monetary policy design and the buffer-stock hypothesis: further evidence from European Union countries, APPL ECON L, 6(12), 1999, pp. 793-796
Citations number
10
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
6
Issue
12
Year of publication
1999
Pages
793 - 796
Database
ISI
SICI code
1350-4851(199912)6:12<793:MPDATB>2.0.ZU;2-C
Abstract
The buffer-stock hypothesis is examined through a structural vector autoreg ression (SVAR) model across European Union (EU) countries. Variance decompo sitions do not provide uniform evidence in favour of the buffer-stock hypot hesis in all case studies. The results are very important for the design of monetary policy within EU.