Results 31 to 40 of about 63,034 (165)
Estimating Interest Rate Setting Behavior in Brazil: A LSTR Model Approach
Economies, 2015 Given limited research on monetary policy rules in emerging markets, this paper challenges the applicability of a nonlinear Taylor rule in characterizing the monetary policy behavior of the Brazilian Central Bank. It also investigates whether and how the
Yosra Baaziz
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One Who Hesitates Is Lost: Monetary Policy Under Model Uncertainty and Model Misspecification
EconomiesThis paper investigates how different parametrisations of the monetary policy reaction function and different mechanisms of expectation formation shape the macroeconomic outcomes in the estimated Smets–Wouters type of DSGE model.
Viktors Ajevskis
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Eesti Majanduspoliitilised Väitlused, 2010 In modern monetary policy nearly every central bank has an output driven task to fulfil. This could be price stability or the attainment of a stable inflation rate.
Johannes Treu, Armin Rohde
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Exchange rate and fundamentals: the case of Brazil
Economia Aplicada, 2008 Forecasting performance is tested for a broad set of empirical exchange rate models for an emerging economy with independently floating regime and inflation target monetary arrangement.
Marcelo L. Moura +2 more
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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
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Monetary policy and financial stability: Should central bank lean against the wind?
Central Bank Review, 2020 After the global financial crisis, it was observed that price stability alone would not ensure financial stability. The new paradigm indeed insists on the inclusion of financial stability as an additional macroeconomic objective.
Aswathi R. Nair, B. Anand
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STRUCTURAL STABILITY OF THE GENERALIZED TAYLOR RULE [PDF]
Macroeconomic Dynamics, 2017 This paper analyzes the dynamical properties of monetary models with regime switching. We start with the analysis of the evolution of inflation when policy is guided by a simple monetary rule where coefficients switch with the policy regime. We rule out the possibility of a Hopf bifurcation and demonstrate the possibility of a period-doubling ...
William Barnett, Evgeniya A. Duzhak
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MONETARY POLICY RULES AND MACROECONOMIC STABILITY: EVIDENCE FROM SRI LANKA
Buletin Ekonomi Moneter dan Perbankan, 2019 This study estimates the forward-looking monetary policy reaction function for Sri Lanka using monthly data from 1980 to 2017. The results indicate that the Central Bank of Sri Lanka (CBSL) followed the Taylor rule to set ...
Kesavarajah Mayandy
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ANALYSIS OF THE ECB MONETARY POLICY MATCH FOR THE NEEDS OF THE EURO AREA COUNTRIES NEEDS
Ekonomika, 2013 . In this paper, using the Taylor rule (Taylor, 1993), the European Central Bank (ECB) monetary policy in 2000–2012, as well as individual interest rate needs of the euro area (EA) countries are analysed.
Tomas Reichenbachas
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Liquidity Traps with Global Taylor Rules [PDF]
SSRN Electronic Journal, 2000 An important theme in the writings of Jess Benhabib is the global stability of equilibrium in monetary economies. A key result emerging from his research is that Taylor‐type interest rate feedback rules that are bounded below by zero can lead to unintended liquidity traps. The present paper shows that even if the interest rate rule is not bounded below
Stephanie Schmitt-Grohe, Martin Uribe
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