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- W3150265987 abstract "This paper investigates asymmetric effects of monetary policy over the business cycle. A two-state Markov Switching Model is employed to model both recessions and expansions. For the United States and Germany, strong evidence is found that monetary policy is more effective in a recession than during a boom. Also some evidence is found for asymmetry in the United Kingdom and Belgium. In the Netherlands, monetary policy is not very effective in either regime." @default.
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- W3150265987 date "1998-01-01" @default.
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- W3150265987 title "A survey of complementaries in growth and location theories" @default.
- W3150265987 hasPublicationYear "1998" @default.
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