Search Results - subject:"simple policy rules"

Jointly optimal monetary and fiscal policy rules under liquidity constraints

Bi, Huixin; Kumhof, Michael - In: Journal of macroeconomics 33 (2011) 3, pp. 373-389

Persistent link: https://www.econbiz.de/10009248392

Ordering Policy Rules with an Unconditional Welfare Measure

Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - Scottish Institute for Research in Economics (SIRE) - 2011

The unconditional expectation of social welfare is often used to assess alternative macroeconomic policy rules in applied quantitative research. It is shown that it is generally possible to derive a linear - quadratic problem that approximates the exact non-linear problem where the unconditional...

Persistent link: https://www.econbiz.de/10010550787

Ordering policy rules with an unconditional welfare measure

Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - Scottish Institute for Research in Economics (SIRE) - 2011

The unconditional expectation of social welfare is often used to assess alternative macroeconomic policy rules in applied quantitative research. It is shown that it is generally possible to derive a linear-quadratic problem that approximates the exact non-linear problem where the unconditional...

Persistent link: https://www.econbiz.de/10010550798

Incomplete Exchange Rate Pass-Through and Simple Monetary Policy Rules

Adolfson, Malin - 2002

This paper investigates the performance of various monetary rules in an open economy with incomplete exchange rate pass-through. Implementing monetary policy through an exchange rate augmented policy rule does not improve social welfare compared to using an optimized Taylor rule, irrespective of...

Persistent link: https://www.econbiz.de/10010321265

Incomplete Exchange Rate Pass-Through and Simple Monetary Policy Rules

Adolfson, Malin - Sveriges Riksbank - 2002

Persistent link: https://www.econbiz.de/10005649048

Incomplete exchange rate pass-through and simple monetary policy rules

Adolfson, Malin - 2002

Persistent link: https://www.econbiz.de/10011583794

Incomplete exchange rate pass-through and simple monetary policy rules

Adolfson, Malin - 2001

The performance of various monetary rules is investigated in an open economy with incomplete exchange rate pass-through. Implementing monetary policy through an exchange-rate augmented policy rule does not improve social welfare compared to using an optimized Taylor rule, irrespective of the...

Persistent link: https://www.econbiz.de/10010281386

Incomplete Exchange Rate Pass-Through and Simple Monetary Policy Rules

Adolfson, Malin - Economics Institute for Research (SIR), … - 2001

coefficients, on inflation and output, are sub-optimal. Keywords: Exchange rate pass-through, monetary policy, simple policy rules … simple policy rules has explored a broad set of exchange-rate augmented policy rules, without attaining a complete consensus … demand relations, and entirely forward-looking agents. 2.1. Simple policy rules and social preferences Monetary policy is …

Persistent link: https://www.econbiz.de/10005190872