Anderl, Christina; Caporale, Guglielmo Maria - 2023
, Australia, New Zealand, Sweden) and five countries with alternative monetary regimes (the US, Japan, Denmark, the Euro Area …This paper assesses time variation in monetary policy rules by applying a Time-Varying Parameter Generalised Methods of …, Switzerland), we find that monetary policy has become more averse to inflation and more responsive to the output gap in both sets …