Essays about: "Amelie Stierna"

Found 1 essay containing the words Amelie Stierna.

  1. 1. The consumption-wealth channel: Monetary policy transmission in the case of Sweden

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Amelie Stierna; [2012]
    Keywords : Monetary policy; transmission mechanism; SVAR; impulse response functions; consumption-wealth channel; Business and Economics;

    Abstract : This paper examines to what extent the consumption-wealth channel has had an impact on household consumption as a response of monetary policy in the Swedish economy since 1994 when the repo rate was first introduced. Using a structural vector autoregressive model and Swedish data between 1994 Q2 and 2011 Q4, impulse response functions are used in order to trace out the effects of interest rate changes on consumption via its impact on household wealth. READ MORE