Results 21 to 30 of about 63,034 (165)
An extended Taylor rule for a small open African economy
Scientific AfricanThis paper estimated a monetary policy rule for Nigeria by augmenting the traditional Taylor rule model, using data spanning 2010Q1 to 2023Q2 in a Dynamic Ordinary Least Square regression.
Omolara Omotunde Duke +6 more
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Brazilian Journal of Political Economy, 2011 This paper aims at evaluating the conduction of monetary policy after the adoption of inflation targeting. Formation of Selic rate is modeled by estimating a reaction function of the BCB.
André de Melo Modenesi
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Finance and Economics Discussion Series, 2007 Taylor rules are simple monetary policy rules that prescribe how a central bank should adjust its interest rate policy instrument in a systematic manner in response to developments in inflation and macroeconomic activity. This paper reviews the development and characteristics of Taylor rules in relation to alternative monetary policy guides and ...
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Inflation Targeting in Eastern Europe [PDF]
Romanian Journal of European Affairs, 2006 This paper addresses the inflation targeting approach in three transition economies, namely Hungary, Poland and the Czech Republic with the use of Taylor rules as benchmarks.
Laurian Lungu, Juan-Paez-Farrell
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Approaching Modern Monetary Theory with a Taylor Rule
Economies, 2019 Considering the goals of Modern Monetary Theorists, this article examines inflation stabilization and employment maximization through a Taylor Rule for fiscal policy, similar to John Taylor’s foundational examination of the behavior of the Federal ...
Ryan S. Mattson, Rex Pjesky
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Testing The Taylor Rule: The Case of Turkey
Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 2019 The aim of this study is to test whether the TCMB makes interest rate decisions in accordance with Taylor Rule by using ARDL method with monthly data for 2005: 1-2019: 1 period. The results show that the Central Bank of the Republic of Turkey has taken policy interest rate decisions both in terms of the output gap and the inflation gap in the long term,
Merve Narta +2 more
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SSRN Electronic Journal, 2007 The inertia found in econometric estimates of interest rate rules is a continuing puzzle. Many reasons for it have been offered, though unsatisfactorily, and the issue remains open. In the empirical literature on interest rate rules, inertia in setting interest rates is typically modeled by specifying a Taylor rule with the lagged policy rate on the ...
Driffill, John, Rotondi, Zeno
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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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Exchange Rate Pass-through, Nominal Wage Rigidities, and Monetary Policy in a Small Open Economy
East Asian Economic Review, 2018 This paper discusses the design of monetary policy in a New Keynesian small open economy framework by introducing nominal wage rigidities and incomplete exchange rate pass-through on import prices. Three main findings are summarized.
Hyuk-Jae Rhee, Jeongseok Song
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Nonlinear Monetary Policy Reaction Function and Macroeconomic Fundamentals in India
Buletin Ekonomi Moneter dan PerbankanThe hybrid Taylor rule of the Reserve Bank of India (RBI) is the subject of the current study, which investigates nonlinearities in an open economy that includes a fiscal variable.
Masud Adil, VISHAL SHARMA, Sana Fatima
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