Boivin, Jean; Kiley, Michael T.; Mishkin, Frederic S. - In: Handbook of monetary economics : volume 3, (pp. 369-422). 2010
-based channels, have remained outside the core models. In conjunction with this evolution in theory and modeling, there have been … activity and inflation and present new evidence, using both a relatively unrestricted factor-augmented vector autoregression … activity and inflation in recent decades as compared to the effects before 1980. Our analysis suggests that these shifts are …
