Search Results - subject:"Interest rate smoothing"

Playing by the Taylor rules or sticking to Friedman's policy : a new approach to monetary policy identification

Arefeva, Alina; Arefyev, Nikolay - In: Economic modelling 143 (2025), pp. 1-19

Persistent link: https://www.econbiz.de/10015193342

Expectations for the MPC chair and interest rate persistence

Saito, Yuta - In: Mathematical social sciences 128 (2024), pp. 25-30

Persistent link: https://www.econbiz.de/10014558636

Using conventional monetary policy unconventionally : overturning inflation and output gap dynamics using a super-inertial interest rate rule

Segal, Guy - 2021

Persistent link: https://www.econbiz.de/10014338227

Monetary policy inertia and the paradox of flexibility

Bonciani, Dario; Oh, Joonseok - 2020

Persistent link: https://www.econbiz.de/10012503695

Super-inertial interest rate rules are not solutions of Ramsey optimal monetary policy

Chatelain, Jean-Bernard; Ralf, Kirsten - 2018

Persistent link: https://www.econbiz.de/10012000078

Gradualism and liquidity traps

Nakata, Taisuke; Schmidt, Sebastian - 2016

Modifying the objective function of a discretionary central bank to include an interest-rate smoothing objective … rate to its effective lower bound. The central bank with an interest-rate smoothing objective credibly keeps the policy … when the lower bound constraint is binding. In a calibrated model, we find that the introduction of an interest-rate …

Persistent link: https://www.econbiz.de/10011606021

Distributional Effects of Monetary Policy in Emerging Market Economies

Prasad, Eswar; Zhang, Boyang - 2015

We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...

Persistent link: https://www.econbiz.de/10011307491