Malik, Wasim Shahid (contributor) - 2007
functions and not the
Taylor rules.
2
See, for instance, Hsing and Lee (2004), Chang (2000), Bernanke and Gertler (1999 … asset prices from the normal trend in
their policy reaction function [see for example Bernanke and Gertler (1999);
Rigobon … Bernanke and Gertler (1995)].
11
As control variables, we have taken two variables, other than the policy
objectives, that …