Published Classic FRBNY Economic Policy Review Published May 2002Assessing Changes in the Monetary Transmission Mechanism: A VAR ApproachJean Boivin · Marc GiannoniThis 2002 FRBNY Economic Policy Review paper by Jean Boivin and Marc Giannoni asks whether the transmission of monetary policy shocks to U.S. output and inflation changed after the early 1980s, and if …