Results 21 to 30 of about 5,400,241 (311)
Nonlinearity in the Fed's monetary policy rule [PDF]
Journal of Applied Econometrics, 2005 AbstractThis paper investigates the nature of nonlinearities in the monetary policy rule of the US Federal Reserve (Fed) using the flexible approach to nonlinear inference. We find that while there is significant evidence of nonlinearity for the period to 1979, there is little such evidence for the subsequent period.
D H Kim, D R Osborn, M Sensier
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Monetary Policy Rules for an Open Economy [PDF]
Journal of Economic Dynamics and Control, 2002 The most popular simple rule for the interest rate, due to Taylor, is meant to inform monetary policy in closed economies. On the other hand, its main open-economy alternative, Ball's rule based on a monetary conditions index (MCI), may perform poorly in the face of specific types of exchange rate shocks, and thus cannot offer guidance for the day-to ...
Nicoletta Batini +2 more
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The optimal monetary rule for the Slovak republic [PDF]
Panoeconomicus, 2006 The optimal monetary rules should help to economic agents to fortify their anticipation about monetary policy. At the same time they should make application of monetary policy by central bank more effective. Consequently numerous central banks as well as
Neupauerová Marianna
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Simple Rules for Monetary Policy [PDF]
Finance and Economics Discussion Series, 1999 What is a good monetary policy rule for stabilizing the economy? In this paper, efficient policy rules are computed using the FRB/US large-scale open-economy macroeconometric model. Simple three-parameter policy rules are found to be very effective at minimizing fluctuations in inflation, output, and interest rates: Increases in rule complexity yield ...
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RESPON KEBIJAKAN MONETER YANG OPTIMAL DI INDONESIA: The State-Contingent Rule?
Buletin Ekonomi Moneter dan Perbankan, 2008 By developing a long-run macro structural model, The Structural Cointegrating Vector Autoregression (VAR), the optimality principle of monetary policy response in Indonesia is formulated.
Solikin M. Juhro
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Monetary policy decision-making when information search is costly [PDF]
Banks and Bank Systems, 2016 This paper explores monetary policy decision-making within an insurance model with expected utility-maximizing policy-makers. The authors consider that policy-makers are different in terms of their backgrounds, experience and skills and they may disagree
Alexander Jung, Francesco Paolo Mongelli
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Monetary Policy Rule under Inflation Targeting in Mongolia
East Asian Economic Review, 2018 This article aims to review the monetary policy rule under inflation targeting framework focusing on Mongolia. The empirical analysis estimates the policy reaction function to see if the inflation targeting has been linked with a monetary policy rule ...
Hiroyuki Taguchi, Saitama University
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Breaking monetary policy rules in Russia
Russian Journal of Economics, 2017 This study estimates whether the monetary policy rules of Bank of Russia have changed recently. Russia has moved towards inflation targeting over the past years, which is reflected in our empirical estimations.
Iikka Korhonen, Riikka Nuutilainen
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Inflation targeting in high inflation emerging economies: lessons about rules and instruments
Journal of Applied Economics, 2019 This talk emphasizes the connection between inflation targeting and monetary policy rules. Inflation targeting is not enough. You need to have a policy procedure – a policy rule – to achieve the target. And one cannot design or evaluate a monetary policy
John B. Taylor
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Breaking monetary policy rules in Russia
ZooKeys, 2018 This study estimates whether the monetary policy rules of Bank of Russia have changed recently. Russia has moved towards inflation targeting over the past years, which is reflected in our empirical estimations.
Alexander Urbano-Bonilla +7 more
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