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Author:Rush, Mark 

Working Paper
The role of the discount rate in monetary policy

Research Working Paper , Paper 94-01

Working Paper
The effect of changes in reserve requirements on investment and GNP

This paper provides evidence on the importance of the credit channel in the transmission of monetary policy. Changes in reserve requirements are used to measure "credit shocks." Reserve requirement changes are often made for regulatory reasons, and hence provide a more exogenous measure of credit shocks than the measures used in previous tests. To distinguish between the "money" and "credit" channels, the significance of the reserve requirements variable is studied in an empirical model that includes other monetary aggregates (either the monetary base or M1). We find that an increase in ...
International Finance Discussion Papers , Paper 471

Working Paper
The effect of marginal tax rates on GNP: 1931 to 1985

Research Working Paper , Paper 89-09

Journal Article
Stock market dispersion and business cycles

Economic Perspectives , Volume 15 , Issue Jan , Pages 2-8

Working Paper
Co-integration and the government's budget deficit

Research Working Paper , Paper 86-12

Working Paper
The effect of changes in reserve requirements on investment and GNP

Working Paper Series, Macroeconomic Issues , Paper 91-21

Working Paper
Sectoral shifts in interwar Britain

Working Paper Series, Macroeconomic Issues , Paper 90-7

Working Paper
Market efficiency and cointegration

Research Working Paper , Paper 87-05

Working Paper
Cointegration: how short is the long run?

Research Working Paper , Paper 90-08

Journal Article
Real business cycles

Economic Review , Volume 72 , Issue Feb , Pages 20-32

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