Search Results - subject:"Reaction functions"

Did you mean: subject:"reaction function" (3,932 results)

The Role of MULTIMOD in the IMF's Policy Analysis

Isard, Peter - International Monetary Fund (IMF) - 2000

This paper describes the basic structure, underlying philosophy, and key behavioral properties of MULTIMOD. It also focuses on several recent applications of macromodels in the IMF’s policy analysis, emphasizing that most questions put forward for analysis with models like MULTIMOD are...

Persistent link: https://www.econbiz.de/10005264275

Does institutional change really matter? : inflation targets, central bank reform and interest rate policy in the OECD countries

Muscatelli, V. Anton; Tirelli, Patrizio; Trecroci, Carmine - 2000

We estimate forward-looking interest-rate reaction functions for the G3 economies and for a group of countries which …

Persistent link: https://www.econbiz.de/10009781553

Credit Risk: Worst Case Scenarios for Swap Portfolios

Barth, Jörn - 1999

The first objective of this paper is to apply the model of Barth (1999) to the numerical generation of credit loss distributions of a portfolio consisting entirely of interest rate swaps ...

Persistent link: https://www.econbiz.de/10005842388

Reaction Function Based Dynamic Location Modeling in Stackelberg–Nash–Cournot Competition

Miller, Tan; Friesz, Terry; Tobin, Roger; Kwon, Changhyun - In: Networks and Spatial Economics 7 (2007) 1, pp. 77-97

We formulate a dynamic facility location model for a firm locating on a discrete network. It is assumed that this locating firm will act as the leader firm in an industry characterized by Stackelberg leader–follower competition. The firm’s I competitors are assumed to act as Cournot firms...

Persistent link: https://www.econbiz.de/10005698763

The Scope for Inflation Targeting in Developing Countries

Savastano, Miguel A.; Masson, Paul R.; Sharma, Sunil - International Monetary Fund (IMF) - 1997

Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an...

Persistent link: https://www.econbiz.de/10005604816

The Monetary Policy Committee's Reaction Function: An Exercise in Estimation

Goodhart, Charles A.E. - In: Topics in Macroeconomics 5 (2005) 1

-type reaction functions. Using publicly available data on the Monetary Policy Committee’s forecasts for UK inflation and output … growth, 1997-2003, we examine how the coefficients in such reaction functions changed as we switched between ex post …

Persistent link: https://www.econbiz.de/10014588390

Theoretical conditions under which monetary policies are effective and practical obstacles to their verification

Swamy, P.; Tavlas, George - In: Economic Theory 25 (2005) 4, pp. 999-1005

misspecifications of “true” functional forms on the coefficients of monetary-policy reaction functions present practical obstacles to …

Persistent link: https://www.econbiz.de/10005370809

The Monetary Policy Committee’s Reaction Function: An Exercise in Estimation

Goodhart, Charles - In: Topics in Macroeconomics 5 (2005) 1, pp. 1240-1240

-2003, we examine how the coefficients in such reaction functions changed as we switched between ex post forecasts - those … future paths of output and inflation. So there has been considerable recent interest in forward-looking Taylor-type reaction … functions. Using publicly available data on the Monetary Policy Committee's forecasts for UK inflation and output growth, 1997 …

Persistent link: https://www.econbiz.de/10005046453

Demand Dynamics in a Psycho-Socio-Economic Evolving Network of Consumers

Valence, Arnaud - In: Mathematical Population Studies 12 (2005) 3, pp. 159-179

In a model of demand dynamics, consumers are linked to each other both in the agent space and in the commodity space and are subject to viability constraints stipulating that only specific configurations of demand are possible. The viability of demand is re-established through both centralized...

Persistent link: https://www.econbiz.de/10009205487

THE RELEVANCE OF REAL-TIME DATA IN ESTIMATING REACTION FUNCTIONS FOR THE EURO AREA

Gerdesmeier, Dieter; Roffia, Barbara - Frankfurt School of Finance & Management - 2004

reaction functions which are carried outusing revised data for the euro area can be misleading. In essence, the analysisyields …

Persistent link: https://www.econbiz.de/10005865809