Results 31 to 40 of about 5,400,241 (311)
Distortionary effects of economic crises on policy coordination in Turkey: Threshold GMM approach
Economics and Business Review, 2021 This study investigates the interaction between fiscal and monetary policies and how crises affect the coordination between policymakers in Turkey. This study’s novelty is that a nonlinear Taylor rule indicating monetary policy response function is ...
Tetik Metin, Yıldırım Mustafa Ozan
doaj +1 more source
Effects of trend inflation on monetary policy and fiscal policy shocks in Vietnam [PDF]
Journal of Economics and Development, 2021 Purpose – This paper analyzes variations in the effects of monetary and fiscal shocks on responses of macroeconomic variables, determinacy region, and welfare costs due to changes in trend inflation.
Thanh Ha Le, Nigel Finch
doaj +1 more source
The financial accelerator and monetary policy rules [PDF]
Economics Letters, 2011 The ability of financial frictions to amplify the output response of monetary policy, as in the financial accelerator model of Bernanke et al. (1999), is analyzed for a wider class of policy rules where the policy interest rate responds to both inflation and the output gap. When policy makers respond to the output gap as well as inflation, the standard
Gunes Kamber, Christoph Thoenissen
openaire +2 more sources
Monetary Policy Rule and Taylor Principle in Mongolia: GMM and DSGE Approaches
International Journal of Financial Studies, 2020 This article aims to examine the monetary policy rule under an inflation targeting in Mongolia with a focus on its conformity to the Taylor principle, through two kinds of approaches: a monetary policy reaction function by the generalized-method-of ...
Hiroyuki Taguchi, Ganbayar Gunbileg
doaj +1 more source
The Fed's Monetary Policy Rule [PDF]
Review, 2006 This article was originally presented as a speech at the Cato Institute, Washington, D.C., October 14, 2005.
openaire +2 more sources
The Taylor Rule and “Opportunistic” Monetary Policy [PDF]
Journal of Money, Credit and Banking, 2010 We investigate the possibility that the Taylor rule should be formulated as a threshold process such that the Federal Reserve acts more aggressively in some circumstances than in others. It seems reasonable that the Federal Reserve would act more aggressively when inflation is high than when it is low.
Bunzel, Helle, Enders, Walter
openaire +1 more source
An Analysis of the Interaction Between Monetary and Fiscal Policies in Brazil [PDF]
PSL Quarterly Review, 2019 This paper examines monetary and fiscal policy rules in Brazil for the period 2003-2014, based on a New Keynesian Macro Model estimated via GMM System.
Lívia Carolina Machado Melo +1 more
doaj +3 more sources
An Optimal Rule for Monetary Policy with Inflation Persistence: The Case of Iran [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2012 The main goal of this paper is to derive an optimal rule for monetary policy in Iran. To do so, we estimate the monetary transmission equations and derive the optimal rule by using the dynamic programming method.
Morteza Khorsandi +2 more
doaj
The Response of Monetary and Fiscal Policies to the Output Gap in Iran with the Taylor Rule Approach: The Quantile Method [PDF]
پژوهشهای اقتصادی, 2021 One of the most important issues in monetary and fiscal policy analysis is their efficiency or effectiveness, which tells policymakers about effectiveness of policies.
Faezeh Zorriyeh Mohammadali +3 more
doaj
Monetary Policy Rules and the Great Inflation [PDF]
Finance and Economics Discussion Series, 2002 The nature of monetary policy during the 1970s is evaluated through the lens of a forward-looking Taylor rule based on perceptions regarding the outlook for inflation and unemployment at the time policy decisions were made. The evidence suggests that policy during the 1970s was essentially indistinguishable from a systematic, activist, forward-looking ...
openaire +2 more sources