Nonlinear Monetary Policy in Europe: Fact or myth

B. Candelon*, W.A. Bruinshoofd

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


We hold the fort for linear specification of monetary policy and economic activity in europe. Using data on the last two and a half decades, we cannot reject the hypothesis that monetary policy is a linear process and we find mixed results regarding economic activity.
Original languageEnglish
Pages (from-to)399-403
JournalEconomics Letters
Issue number3
Publication statusPublished - 1 Jan 2005

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