Search Results - subject:"Monetary Policy Rules"

Beyond one-size-fits-all: Designing monetary policy for diverse models and frequencies

Dück, Alexander; Verona, Fabio - 2025

inflation and real activity. In this paper, we propose monetary policy rules that perform robustly across a broad range of …

Persistent link: https://www.econbiz.de/10015184739

Beyond one-size-fits-all : designing monetary policy for diverse models and frequencies

Dück, Alexander; Verona, Fabio - 2025

inflation and real activity. In this paper, we propose monetary policy rules that perform robustly across a broad range of …

Persistent link: https://www.econbiz.de/10015181886

Monetary policy adjustments in Mexico during COVID-19 : fear of floating and macroeconomic volatility

López-Mares, Jesús Eduardo; Ocegueda Hernández, Juan … - 2025

The aim of this paper is to investigate how the central bank of Mexico - a prototypical emerging market economy (EME) - adjusted its reaction coefficients according to an estimated Taylor-type rule in response to the COVID-19 pandemic and the posterior surge in inflation. To do so, we estimate a...

Persistent link: https://www.econbiz.de/10015338857

Inflation tolerance bands and private sector beliefs

Milani, Fabio - 2025

This paper estimates a New Keynesian model with a nonlinearity in the monetary policy rule to capture the practice of inflation targeting with target zones or tolerance bands. Private-sector agents form subjective expectations, update their beliefs over time using a perceived model of the...

Persistent link: https://www.econbiz.de/10015407758

Time-varying parameters in monetary policy rules : a GMM approach

Anderl, Christina; Caporale, Guglielmo Maria - In: Journal of economic studies 51 (2024) 9, pp. 148-176

Persistent link: https://www.econbiz.de/10015198626

Out of the ELB : expected ECB policy rates and the Taylor rule

Bernardini, Marco; Lin, Alessandro - In: Economics letters 235 (2024), pp. 1-4

Persistent link: https://www.econbiz.de/10015071370

Time-varying parameters in monetary policy rules: a GMM approach

Anderl, Christina; Caporale, Guglielmo Maria - In: Journal of Economic Studies 51 (2024) 9, pp. 148-176

. Originality/value It provides new evidence on changes over time in monetary policy rules. … policy rules by applying a time-varying parameter generalised methods of moments (TVP-GMM) framework. Findings Using monthly … from potential output have changed over time. Design/methodology/approach This paper assesses time variation in monetary …

Persistent link: https://www.econbiz.de/10015350097

Robust frequency-based monetary policy rules

Dück, Alexander; Verona, Fabio - 2023

Optimal monetary policy studies typically rely on a single structural model and identification of model-specific rules that minimize the unconditional volatilities of inflation and real activity. In our proposed approach, we take a large set of structural models and look for the model-robust...

Persistent link: https://www.econbiz.de/10013555245

Has the reaction function of the European Central Bank changed over time?

Tatar, Balint - 2023

I have assessed changes in the monetary policy stance in the euro area since its inception by applying a Bayesian time-varying parameter framework in conjunction with the Hamiltonian Monte Carlo algorithm. I find that the estimated policy response has varied considerably over time. Most of the...

Persistent link: https://www.econbiz.de/10014282694

Time-Varying Parameters in Monetary Policy Rules: A GMM Approach

Anderl, Christina; Caporale, Guglielmo Maria - 2023

This paper assesses time variation in monetary policy rules by applying a Time-Varying Parameter Generalised Methods of …

Persistent link: https://www.econbiz.de/10014377426