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Advisor(s)
Abstract(s)
We investigate where, in the early eighties, did a change occur in French monetary policy. The novelty in our treatment of this subject is the use of the impulse saturation break test. The results clearly identify the adoption of the Franc Fort policy as the key change in the period. The resulting econometric model is congruent and reveals no signs of persistence in inflation.
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Pedagogical Context
Citation
SANTOS, Carlos; OLIVEIRA, Maria Alberta - Looking for a change point in French monetary policy in the early eighties. Applied Economics Letters. ISSN 1350–4851. Vol. 17 (2010), 387–392
Publisher
Routledge