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Ang, Andrew - 2007

We estimate Taylor (1993) rules and identify monetary policy shocks using no-arbitrage pricing techniques. Long … about the policy rule used by the Federal Reserve. The no-arbitrage framework also accommodates backward-looking and forward … returns and most of the movements in the term spread. Taylor rules estimated with no-arbitrage restrictions differ from Taylor …

Persistent link: https://www.econbiz.de/10012465201

How does monetary policy change? : evidence on inflation-targeting countries

Baxa, Jaromír; Horváth, Roman; Vas̆íc̆ek, Bor̆ek - In: Macroeconomic dynamics 18 (2014) 3, pp. 593-630

Persistent link: https://www.econbiz.de/10010356701

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

Welfare implications of alternative monetary policy rules : a new Keynesian DSGE model for Turkey

Yağcıbaşı, Özge Filiz; Yıldırım, Mustafa Ozan - In: Národohospodářský obzor : časopis věnovaný … 17 (2017) 4, pp. 363-379

Persistent link: https://www.econbiz.de/10011795839

Gini in the Taylor rule : should the Fed care about inequality?

Ma, Eunseong; Park, Kwangyong - 2021

Persistent link: https://www.econbiz.de/10013188076

Making a weak instrument set stronger : factor-based estimation of the Taylor rule

Mirza, Harun; Storjohann, Lidia - 2011

The problem of weak identification has recently attracted attention in the analysis of structural macroeconomic models. Using robust methods can result in large confidence sets making inference difficult. We overcome this problem in the analysis of a forward-looking Taylor rule by seeking...

Persistent link: https://www.econbiz.de/10009748249

Inflation persistence, Price Indexation and Optimal Simple Interest Rate Rules

Ascari, Guido; Branzoli, Nicola - 2010

We study the properties of the optimal nominal interest rate policy under different levels of price indexation. In our model indexation regulates the sources of inflation persistence. When indexation is zero, the inflation gap is purely forward- looking and inflation persistence depends only on...

Persistent link: https://www.econbiz.de/10010343884

Revisiting the great moderation using the method of indirect inference

Minford, Patrick; Ou, Zhirong - 2012

We investigate the relative roles of monetary policy and shocks in causing the Great Moderation, using indirect inference where a DSGE model is tested for its ability to mimic a VAR describing the data. A New Keynesian model with a Taylor Rule and one with the Optimal Timeless Rule are both...

Persistent link: https://www.econbiz.de/10009532213

Structural stability of the generalized Taylor rule

Barnett, William A.; Duzhak, Evgeniya A. - 2013

Persistent link: https://www.econbiz.de/10010443147

Stability and transitions in emerging market policy rules

Goyal, Ashima; Tripathi, Shruti - In: Indian economic review : biannual journal of the Delhi … 49 (2014) 2, pp. 153-172

Persistent link: https://www.econbiz.de/10011444185