1998
DOI: 10.2139/ssrn.74661
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The Industrial Impact of Monetary Policy Shocks: Some Stylised Facts

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Cited by 82 publications
(111 citation statements)
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“…9 Business fixed investment and non-durable consumption, respectively. 10 Studies by Carlino and DeFina (1998), for the US, Arnold and Vrugt (2002), for Netherlands, and Ganley and Salmon (1997), for the UK found similar evidence of differential effects of monetary policy. Data on real GDP and CPI were obtained from the Department of Census and StatisticsSri Lanka (DCS), while data on real PSC and AWCMR were obtained from the Central Bank of Sri Lanka (CBSL).…”
Section: Literature Reviewmentioning
confidence: 91%
“…9 Business fixed investment and non-durable consumption, respectively. 10 Studies by Carlino and DeFina (1998), for the US, Arnold and Vrugt (2002), for Netherlands, and Ganley and Salmon (1997), for the UK found similar evidence of differential effects of monetary policy. Data on real GDP and CPI were obtained from the Department of Census and StatisticsSri Lanka (DCS), while data on real PSC and AWCMR were obtained from the Central Bank of Sri Lanka (CBSL).…”
Section: Literature Reviewmentioning
confidence: 91%
“…5 Ganley and Salmon (1997) studied the impact of monetary policy shocks on the output of 24 industries in the United Kingdom (UK) economy. The purpose of this research was to identify the speed and magnitude of the reactions of firms in different sectors to an unanticipated change in the cash rate shock.…”
Section: Literature Review Industrial Impact Of Monetary Policy (Intementioning
confidence: 99%
“…A recent study by Stevenson (2002) looks at the impact of German interest rate changes on European bank stocks and finds evidence of heterogenous response from country specific bank returns as a result of German policy shocks. 2 With increasing financial integration, policy changes in one country are likely to impact 1 Both Ganley and Salmon (1997) and Hayo and Uhlenbrock (2000) investigate the output effects of UK and German monetary policy shocks respectively at a sectoral level, using pre EMU data in a traditional VAR setting.…”
Section: Introductionmentioning
confidence: 99%