TY  - UNPD
A1  - Gerlach, Stefan
A1  - Stuart, Rebecca
T1  - Money, interest rates and prices in Ireland, 1933-2012
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 513
N2  - In this paper we assemble an annual data set on broad and narrow money, prices, real economic activity and interest rates in Ireland from a variety of sources for the period 1933-2012. We discuss in detail how the data set is constructed and what assumptions we have made to do so. Furthermore, we estimate a simple SVAR model to provide some empirical evidence on the behaviour of these time series. Money supply shocks appear to be the most important drivers of both money and prices. Interest rate shocks, which capture monetary policy, play an important role driving output and, of course, interest rates. The GDP shocks, which raise prices, seem of less importance.
T3  - CFS working paper series - 513 
KW  - Ireland
KW  - historical statistics
KW  - long time series
KW  - business cycles
KW  - SVAR
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/38283
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-382831
UR  - http://ssrn.com/abstract=2663339
IS  - Revised version July 27, 2015
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -