From Price Puzzle to Neo-Fisherianism

2019 ◽  
Author(s):  
Syed Zahid Ali
Keyword(s):  
Price Puzzle

The “price puzzle” reconsidered

2004 ◽  
Vol 51 (7) ◽  
pp. 1385-1413 ◽  
Author(s):  
Michael S. Hanson
Keyword(s):  
Price Puzzle

THE PRICE PUZZLE AND VAR IDENTIFICATION

2014 ◽  
Vol 19 (8) ◽  
pp. 1880-1887 ◽  
Author(s):  
Arturo Estrella
Keyword(s):  
Monetary Policy ◽  
Impulse Response ◽  
Response Function ◽  
Impulse Response Function ◽  
Reduced Form ◽  
Impulse Responses ◽  
Minimal Set ◽  
Price Puzzle ◽  
Single Term ◽  
Structural Vars

In structural VARs, unexpected monetary tightening often leads to the price puzzle, a counterintuitive increase in inflation in the impulse response function. The identification of impulse responses requires at least a minimal set of structural assumptions, and models exhibiting the price puzzle typically use standard assumptions focusing mainly on relationships among contemporaneous disturbances. This note uses a well-established stylized fact, the long lags of monetary policy, to motivate a simple additional identifying assumption. The assumption eliminates a single term in one equation of the reduced form, and with it the price puzzle.

scholarly journals How to Solve the Price Puzzle? A Meta-Analysis

2011 ◽  
Author(s):  
Marek Rusnák ◽  
Tomas Havranek ◽  
Roman Horvath
Keyword(s):  
Meta Analysis ◽  
Price Puzzle
Sign in / Sign up

Export Citation Format

Share Document