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Optimal constrained interest-rate rules

Evans, George W.; McGough, Bruce - In: Journal of money, credit and banking : JMCB 39 (2007) 6, pp. 1335-1356

Persistent link: https://www.econbiz.de/10003537753

Inflation persistence and optimal monetary policy in the euro area

Benigno, Pierpaolo; López-Salido, José David - In: Journal of money, credit and banking : JMCB 38 (2006) 3, pp. 587-614

Persistent link: https://www.econbiz.de/10003328416

Taylor rules and macroeconomic instability or how the central bank can preempt sunspot expectations

Weder, Mark - In: Journal of money, credit and banking : JMCB 38 (2006) 3, pp. 654-678

Persistent link: https://www.econbiz.de/10003328431

Forecast quality and simple instrument rules a real-time data approach

Glück, Heinz (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002433797

Interest rate reaction functions for the euro area evidence from panel data analysis

Ruth, Karsten (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002433805

Optimal monetary policy with an uncertain cost channel

Tillmann, Peter - In: Journal of money, credit and banking : JMCB 41 (2009) 5, pp. 885-906

Persistent link: https://www.econbiz.de/10003878608

Real-Time Estimation of the Output Gap in Japan and its Usefulness for Inflation Forecasting and Policymaking

Kamada, Koichiro - 2004

This paper examines the methods used by the Bank of Japan for the estimation of the output gap. Attention is paid to the real-time estimation problem. After reviewing the evolution of output gap estimation at the Bank, I discuss advantages and disadvantages of the various output gap measures....

Persistent link: https://www.econbiz.de/10010295641

Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for the ECB

Siklos, Pierre L.; Werner, Thomas; Bohl, Martin T. - 2004

This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and Italy, as well as for the ECB. Forward, backward and forecast-based rules are estimated for a variety of samples since the late 1970s. We are particularly interested in the...

Persistent link: https://www.econbiz.de/10010295649

Forecast quality and simple instrument rules: a real-time data approach

Glück, Heinz; Schleicher, Stefan P. - 2004

We start from the assertion that a useful monetary policy design should be founded on more realistic assumptions about what policymakers can know at the time when policy decisions have to be made. Since the Taylor rule - if used as an operational device - implies a forward looking behaviour, we...

Persistent link: https://www.econbiz.de/10010295657

Imperfect Competition, Monetary Policy and Welfare in a Currency Area

Lombardo, Giovanni - 2002

auf die Wohlfahrt und die optimale Geldpolitik. Betrachtet werden zwei Möglichkeiten, wie die Wettbewerbsintensität am … die Geldpolitik effektiver sein, wenn die Länder größere Asymmetrien aufweisen. Diese Ergebnisse legen es nahe, dass die … intensiver ist. Die optimale Geldpolitik der Zentralbank der Währungsunion wird ermittelt und mit einer einfachen Taylor …

Persistent link: https://www.econbiz.de/10010295738