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A state-level analysis of the Great Moderation

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2007

the origin of the aggregate volatility reduction. We show that states with relatively high concentrations in the durable-goods …

Persistent link: https://www.econbiz.de/10005360567

Regional disparities in the transmission of monetary policy

Owyang, Michael T. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001979830

What explains the varying monetary response to technology shocks in G-7 countries?

Francis, Neville (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001987095

Modeling volcker as a non-absorbing state : agnostic identification of a markov-switching VAR

Owyang, Michael T. (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974169

Duration dependence in monetary policy : international evidence

Owyang, Michael T. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974266

Monetary policy in a Markov-switching VECM : implications for the cost of disinflation and the price puzzle

Francis, Neville (contributor); … - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001978121

Structural breaks and regional disparities in the transmission of monetary policy

Owyang, Michael T.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2004

Using a regional VAR, we find large differences in the effects of monetary policy shocks across regions of the United States. We also find that the region-level effects of monetary policy differ a great deal between the pre-Volcker and Volcker-Greenspan periods in terms of their depth and...

Persistent link: https://www.econbiz.de/10005360583

Duration dependence in monetary policy: international evidence

Owyang, Michael T.; Chiodo, Abbigail - Federal Reserve Bank of St. Louis - 2002

We study the duration of monetary regimes in a simple neo-classical Phillips curve model. The model is an extension of Owyang (2001) and Owyang and Ramey (2001). In this paper, we consider the role of the duration of inflationary regimes on the average inflation rate in an international...

Persistent link: https://www.econbiz.de/10005360589

What explains the varying monetary response to technology shocks in G-7 countries?

Francis, Neville; Owyang, Michael T.; Theodorou, Athena T. - Federal Reserve Bank of St. Louis - 2005

. Specifically, we find a relationship between the volatility of capital investment, type of monetary policy rule, the responsiveness … of the rule to output and inflation fluctuations, and the response to technology shocks. …

Persistent link: https://www.econbiz.de/10005352815

Modeling Volcker as a non-absorbing state: agnostic identification of a Markov-switching VAR

Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2002

Recently, models of monetary policy have been constructed to include structural breaks to account for changes in policymaker preferences or operating procedures. These models typically assume that when changes occur, they happen once and for all. In this paper, we allow the policymaker and the...

Persistent link: https://www.econbiz.de/10005490882