Similar Search Results

Monetary policy during Brazil's Real Plan : estimating the Central Bank reaction function

Salgado, Maria José S.; Garcia, Márcio Gomes Pinto; … - 2001

Persistent link: https://www.econbiz.de/10001643909

Testing asymmetries in Central Bank preferences in a small open economy : a study for Brazil

Aragón, Edilean Kleber da Silva Bejarano; Medeiros, … - In: Economia : revista da ANPEC 14 (2013) 2, pp. 61-76

In this paper, we extend Surico's (2007a) model to an open economy and test if the Brazilian Central Bank's loss function is asymmetric with regard to positive and negative deviations of the output gap and of the inflation rate from its target. Furthermore, we use tests for structural breaks to...

Persistent link: https://www.econbiz.de/10011864751

Robust monetary policy, structural breaks, and nonlinearities in the reaction function of the Central Bank of Brazil

Medeiros, Gabriela Bezerra de; Portugal, Marcelo Savino; … - In: Economia : revista da ANPEC 17 (2016) 1, pp. 96-113

Brazil arising from this policymaker's uncertainties about the effects of the output gap on inflation. Theoretically, we … about the slope in the Phillips curve implied nonlinearities in the Central Bank of Brazil's reaction function; (ii) we … gap in Meirelles-Tombini's administration; and (iv) the Central Bank of Brazil has also reacted to the exchange rate in …

Persistent link: https://www.econbiz.de/10011865664

(Mis)alignment between observed and expected monetary policy : the case of Brazil

Divino, José Angelo; Haraguchi, Carlos Alberto Takashi - In: International economics : the quarterly journal in … 178 (2024), pp. 1-19

Persistent link: https://www.econbiz.de/10014578292

Estimating interest rate setting behavior in Korea : an ordered probit model approach

Kim, Hyeongwoo - 2014

Persistent link: https://www.econbiz.de/10010361880

Interest rate rules and macroeconomic stability under heterogeneous expectations

Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars H.; … - In: Macroeconomic dynamics 17 (2013) 8, pp. 1574-1604

Persistent link: https://www.econbiz.de/10010342156

Estimating interest rate setting behavior in Korea : a constrained ordered choices model approach

Kim, Hyeongwoo; Shi, Wen; Hwang, Kwang‐Myoung - 2015

Persistent link: https://www.econbiz.de/10011487414

The determinants of disagreement between the FOMC and the Fed's staff : new insights based on a counterfactual interest rate

Bennani, Hamza; Kranz, Tobias; Neuenkirch, Matthias - 2017

We examine the degree and sources of disagreement between the Federal Open Market Committee (FOMC) and the Federal Reserve's (Fed's) staff about the appropriate policy rate for the period 1987-2011. For that purpose, we compute a counterfactual interest rate for the Fed's staff , based on its...

Persistent link: https://www.econbiz.de/10011752222

The legislative push to mandate rules-based monetary policymaking in the US : the latest salvo in the long-running "rules versus discretion" debate

Jayakumar, Vivekanand - In: Theoretical economics letters 6 (2016) 6, pp. 1315-1336

Persistent link: https://www.econbiz.de/10011659563

Interest rate rules and macroeconomic stability under heterogeneous expectations

Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars H.; … - 2009

The recent macroeconomic literature stresses the importance of managing heterogeneous expectations in the formulation of monetary policy. We use a stylized macro model of Howitt (1992) to investigate inflation dynamics under alternative interest rate rules when agents have heterogeneous...

Persistent link: https://www.econbiz.de/10011378358