Chatelain, Jean-Bernard; Ralf, Kirsten - 2017
rule for the U.S. Fed during 1960 to 2006, assuming the reference new-Keynesian Phillips curve transmission mechanism with … during Volcker-Greenspan period, the new-Keynesian Phillips curve slope parameter and the Fed's preferences (weight of the …-consistent policy although the number of structural parameters, including central bank preferences, is the same. The new-Keynesian …