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Monetary policy analysis in real-time : vintage combination from a real-time dataset
Altavilla, Carlo; Ciccarelli, Matteo - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities' reaction functions, we show that this simple method can improve forecasting performance and provide … high macroeconomic uncertainty. -- monetary policy ; Taylor rule ; real-time data ; great moderation ; forecasting …
Persistent link: https://www.econbiz.de/10009011352
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Monetary Policy Analysis in Real-Time. Vintage Combination from a Real-Time Dataset.
Altavilla, Carlo; Ciccarelli, Matteo - CESifo - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities’ reaction functions, we show that this simple method can improve forecasting performance and provide …
Persistent link: https://www.econbiz.de/10008861862
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Monetary Policy Analysis in Real-Time. Vintage combination from a real-time dataset
Altavilla, Carlo; Ciccarelli, Matteo - Centro Studi di Economia e Finanza (CSEF) - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities’ reaction functions, we show that this simple method can improve forecasting performance and provide …
Persistent link: https://www.econbiz.de/10008854448
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How the Bundesbank really conducted monetary policy: An analysis based on real-time data
Gerberding, Christina; Worms, Andreas; Seitz, Franz - 2004
Papers estimating the reaction function of the Bundesbank generally find that its monetary policy from the 1970s to 1998 can well be captured by a standard Taylor rule according to which the central bank responds to the output gap and to deviations of inflation from target, but not to monetary...
Persistent link: https://www.econbiz.de/10010295652
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Monetary Policy Analysis in Real-Time : Vintage Combination from a Real-Time Dataset
Altavilla, Carlo - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities' reaction functions, we show that this simple method can improve forecasting performance and provide …
Persistent link: https://www.econbiz.de/10013128542
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Forecasting ECB policy rates with different monetary policy rules
Belke, Ansgar; Klose, Jens - 2019
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012063951
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Forecasting ECB policy rates with different monetary policy rules
Belke, Ansgar; Klose, Jens - 2019
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012034314
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Forecast quality and simple instrument rules: a real-time data approach
Glück, Heinz; Schleicher, Stefan P. - 2004
forecasting performance of OECD projections for GDP growth rates and inflation. We diagnose a much better forecasting record for …
Persistent link: https://www.econbiz.de/10010295657
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Explaining inflation persistence by a time-varying Taylor rule
Conrad, Christian; Eife, Thomas A. - 2010
In a simple New Keynesian model, we derive a closed form solution for the inflation persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10008758155
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Explaining inflation-gap persistence by a Time-Varying Taylor rule
Conrad, Christian; Eife, Thomas A. - 2012 - This draft: January 2012
In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10009526206