Search Results - subject:"Taylor reaction functions"

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Implicit Taylor reaction functions for Euro area countries

Klose, Jens - In: International Journal of Monetary Economics and Finance 5 (2012) 2, pp. 153-168

This study estimates modified Taylor reaction functions which tackle the real rather than the nominal interest rates … debt crisis. We show there are significant differences between Taylor reaction functions in the Euro area countries, which …

Persistent link: https://www.econbiz.de/10010669723

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

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

Abstract Owing to lags in the transmission mechanism of monetary policy, central banks put much weight on forecasts of the 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...

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

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

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

Owing to lags in the transmission mechanism of monetary policy, central banks put much weight on forecasts of the 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...

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