Research Discussion Paper – RDP 2007-07 More Potent Monetary Policy? Insights from a Threshold Model

Contents

• Introduction
• Methodology
• Estimation and Results
• Conclusions
• Appendix A: Data Description and Sources
• Appendix B: Computation of the Generalised Impulse Response Function
• Appendix C: Model Selection
• Appendix D: Estimated Models
• References

I would like to thank Christopher Kent, Marion Kohler, Mariano Kulish, Philip Liu, Kristoffer Nimark, Anthony Richards and Tim Robinson for comments. The views expressed in this paper are those of the author and do not necessarily reflect those of the Reserve Bank of Australia. Any errors are my own.