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hinted at an acceleration. Some FOMC members feared an overheating economy and higher inflation; others, including the …
Persistent link: https://www.econbiz.de/10003148619
"A pair of simple modifications to the Kalman filter recursions makes possible the filtering of models in which one or more state variables is truncated normal. Such recursions are broadly applicable to macroeconometric models that have one or more probit-type equation, such as vector...
Persistent link: https://www.econbiz.de/10003115151
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an acceleration. Some FOMC members feared an overheating economy and higher inflation; others, including the Chairman …
Persistent link: https://www.econbiz.de/10005360609
In Korea's high-growth economy, the Bank of Korea had been willing to tolerate double-digit inflation, provided that it … upper threshold of tolerable inflation for the Bank of Korea was about 20 percent. It appears that the Bank of Korea …'s disciplined, rule-like approach to monetary policy was able to control inflation and keep it away from explosive levels, despite …
Persistent link: https://www.econbiz.de/10005352822
This brief essay is a working draft of an article in preparation for the forthcoming International Encyclopedia of the Social Sciences, 2nd ed., examining the role of the monetary base in monetary economics and monetary policymaking. Comments are welcome.
Persistent link: https://www.econbiz.de/10005490990