Search Results - subject:"Taylor-Regel"

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The effects of key parameters of the monetary policy reaction function on economic growth

El-Shagi, Makram; Philemon, Paul Lukuliko - 2026

Persistent link: https://www.econbiz.de/10015613463

Rules vs. discretion and the role of the central bank

El-Shagi, Makram; Gerth, Florian; Philemon, Paul Lukuliko - 2026

Persistent link: https://www.econbiz.de/10015613464

A monetary policy perspective on the euro area fiscal reaction function

Wolswijk, Guido Franciscus Theodorus - 2026

This paper examines how fiscal policy in the euro area reacts to monetary policy, by estimating fiscal policy reaction functions for the period 1999-2019. Inclusion of the monetary policy stance in the fiscal reaction function, approximated by a shadow interest rate, is a relatively novel aspect...

Persistent link: https://www.econbiz.de/10015592601

Understanding the inflation-output relationship across business cycle phases

Cardamone, Dario; De Santis, Roberto A. - 2026

We examine the state dependence of monetary policy transmission and the parameters of the Phillips curve, dynamic IS equation, and Taylor rule across four regimes defined by joint deviations of inflation from the Federal Reserve's target and output from potential. The analysis uncovers important...

Persistent link: https://www.econbiz.de/10015592690