000			01618nab a2200265 c 4500
999			_c147545 _d147545
003			ES-MaIEF
005			20230524130305.0
007			ta
008			230524t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_959779 _aBadinger, Harald
245		0	_aMeasuring monetary policy in the Euro Area using SVARs with residual restrictions _c Harald Badinger and Stefan Schiman
500			_aResumen.
504			_aBibliografía.
520			_aThis study measures the effects of monetary policy in the euro area using a small number of sign and magnitude restrictions on the residuals of a structural vector autoregression. We derive the dates and directions of these shocks from high-frequency financial market data around official European Central Bank policy announcements. Based on an in-depth narrative analysis and a comparison of the results with those of a standard high-frequency approach, we argue that our approach is purged from central bank information effects. Despite our rather agnostic identification strategy, we find clear and conclusive effects of monetary policy shocks on a wide range of macroeconomic variables.
650			_aPOLITICA MONETARIA _948062
650		4	_943904 _aEURO
650		4	_948643 _aUNION ECONOMICA Y MONETARIA
650		4	_932260 _aBANCO CENTRAL EUROPEO
650		4	_947736 _aMERCADOS FINANCIEROS
650		4	_925837 _aANALISIS MACROECONOMICO
700	1		_970635 _aSchiman, Stefan
773	0		_9169407 _oOP 2137/2023/2 _tAmerican Economic Journal : Macroeconomics _w(IEF)64915 _x 1945-7707 _g v. 15, n. 2, April 2023, p. 279-305
942			_cART