Search Results - subject:"Real Time data"

Did the Bundesbank follow a Taylor rule? An analysis based on real-time data

Clausen, Jens R.; Meier, Carsten-Patrick - 2003

Using a real-time data set for German GDP over the period from 1973 to 1998 we calculate various measures of real …

Persistent link: https://www.econbiz.de/10010265390

Did the Bundesbank follow a Taylor rule? An analysis based on real-time data

Clausen, Jens R.; Meier, Carsten-Patrick - 2003

Using a real-time data set for German GDP over the period from 1973 to 1998 we calculate various measures of real …

Persistent link: https://www.econbiz.de/10010270684

Equal size, equal role? Interest rate interdependence between the Euro area and the United States

Ehrmann, Michael; Fratzscher, Marcel - 2003

United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the …

Persistent link: https://www.econbiz.de/10010298252

The Real-time Forecasting Performance of Phillips Curves

Robinson, Tim; Stone, Andrew; Zyl, Marileze van - Reserve Bank of Australia - 2003

Analysts typically use a variety of techniques to forecast inflation. These include both ‘bottom-up’ approaches, for near-term forecasting, as well as econometric methods (such as mark-up models of inflation, which have been found to perform quite well for Australia – see de Brouwer and...

Persistent link: https://www.econbiz.de/10005426730

Equal size, equal role? Interest rate interdependence between the Euro area and the United States

Ehrmann, Michael; Fratzscher, Marcel - Center for Financial Studies - 2003

United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the …

Persistent link: https://www.econbiz.de/10010958641

The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time

Orphanides, Athanasios; Norden, Simon van - Centre Interuniversitaire de Recherche en Analyse des … - 2003

A stable predictive relationship between inflation and the output gap, often referred to as a Phillips curve, provides the basis for empirical formulations of countercyclical monetary policy in many models. In this paper, we provide an empirical evaluation of the usefulness of alternative...

Persistent link: https://www.econbiz.de/10005101122

A taylor rule for the euro area based on quasi-real time data

Adema, Y. - de Nederlandsche Bank - 2003

develop a modified Taylor rule based on (quasi-)real time data for the euro area. We find that modified Taylor rules based on … (quasi-)real time data and an interest rate smoothing term give a good description of monetary policy in the euro area during … using final data to estimate a Taylor rule, while in reality only (quasi-) real time data are available, does not lead to …

Persistent link: https://www.econbiz.de/10005021873

A Real Time Tax Smoothing Based Fiscal Policy Rule

Wakerly, Elizabeth C; Loukoianova, Elena; Vahey, Shaun P. - Royal Economic Society - RES - 2003

We consider the real-time implementation of a fiscal policy rule based on tax smoothing (Barro (1979), Bohn (1998)). We show that the tax smoothing approach, augmented by fiscal habit considerations, provides a surprisingly accurate description of US budget surplus movements. In order to...

Persistent link: https://www.econbiz.de/10005022118

Using Taylor Rules to Understand ECB Monetary Policy

Sauer, Stephan; Sturm, Jan-Egbert - CESifo - 2003

Over the last decade, the simple instrument policy rule developed by Taylor (1993) has become a popular tool for evaluating monetary policy of central banks. As an extensive empirical analysis of the ECB’s past behaviour still seems to be in its infancy, we estimate several instrument policy...

Persistent link: https://www.econbiz.de/10005765927

A Real Time Tax Smoothing Based Fiscal Policy Rule

Loukoianova, Elena; Vahey, Shaun P - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005706784