Money, Income, and Causality

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The systematic component of monetary policy in SVARs: An agnostic identification procedure (2015, unknown): “Following Sims (1972, 1980, 1986), researchers have analyzed the effects of monetary policy on output using structural vector autoregressions (SVARs).”
Macroeconomics with Financial Frictions: A Survey (2012, unknown): “Tirole (1985) uses the same framework as Diamond (1965) with capital and production but instead of government debt, he studies the effect of rational bubbles.”
Monetary Theory and Policy, 2nd Edition (2003, background): “See also Sims (2003). 5.”
Testing Conditional Independence Via Empirical Likelihood (2014, background): “The empirical race took an interesting turn with the famous tests of Sims (1972).”
The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries (2000, unknown): “(cid:14) . based on Granger 1969 and Sims’ Sims, 1972 tests.”
Does unconventional monetary policy affect inequality? Evidence from Japan (2014, methodology): “To test how monetary policy affects income inequality more formally, we make use of a VAR framework, which is pioneered by Sims (1972) and widely used to examine the impact of monetary policy (e.g. Bernanke and Blinder, 1992; Christiano et al., 1999).”