References
- Bernanke , B. and Blinder , A. 1992 . The federal funds rate and the channels of monetary transmission . American Economic Review , 82 : 901 – 921 .
- Engle , R. and Granger , C. W. J. 1987 . Co-integration and error-correction: representation, estimation and testing . Econometrica , 55 : 251 – 276 .
- Friedman , B. and Kuttner , K. 1992 . Money, income, prices and interest rates . American Economic Review , 82 : 472 – 492 .
- Friedman , B. and Kuttner , K. 1991 . Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models . Econometrica , 59 : 1551 – 1580 .
- Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration-with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
- Kashyap , A. K. , Stein , J. C. and Wilcox , D. W. 1993 . Monetary policy and credit conditions: evidence from the composition of external finance . American Economic Review , 83 : 78 – 98 .
- King , S. 1986 . Monetary transmission: through bank loans or bank liabilities . Journal of Money, Credit and Banking , 18 : 290 – 303 .
- Phillips , P. C. B. and Durlauf , S. N. 1986 . Multiple time series regression with integrated processes . Review of Economic Studies , 53 : 473 – 495 .
- Romer , C. D. and Romer , D. H. 1990 . New evidence on the monetary transmission mechanism . Brookings Papers on Economic Activity , 3 : 149 – 198 .
- Sims , C. , Stock , J. and Watson , M. 1990 . Inference in linear time series models with some unit roots . Econometrica , 58 : 113 – 144 .
- Stock , J. and Watson , M. 1989 . Interpreting the evidence on money-income causality . Journal of Econometrics , 40 : 161 – 181 .
- Toda , H. Y. and Phillips , P. C. B. 1993 . Vector autoregressions and causality . Econometrica , 61 : 1367 – 1393 .
- Toda , H. Y. and Phillips , P. C. B. 1994 . Vector autoregression and causality: a theoretical overview and simulation study . Econometric Reviews , 13 : 259 – 285 .