Similar Search Results

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

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

Kalman filtering with truncated normal state variables for Bayesian estimation of macroeconomic models

Dueker, Michael (contributor) - 2005

"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

Forecasting output with information from business cycle turning points : a qualitative variable VAR

Dueker, Michael (contributor); … - 2001 - [Elektronische Ressource].

Persistent link: https://www.econbiz.de/10001965117

Stochastic capital depreciation and the comovement of hours and productivity

Dueker, Michael (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001971164

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

output, while in the Volcker-Greenspan era, the Fed adopted an inflation-targeting rule. We extend their analysis to … of the rule to output and inflation fluctuations, and the response to technology shocks. …

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

A monetary policy feedback rule in Korea's fast-growing economy

Dueker, Michael; Kim, Gyuhan - Federal Reserve Bank of St. Louis - 1998

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

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

Francis, Neville; Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2004

Monetary policy VARs typically presume stability of the long-run outcomes. We introduce the possibility of switches in the long-run equilibrium in a cointegrated VAR by allowing both the covariance matrix and weighting matrix in the error-correction term to switch. We find that monetary policy...

Persistent link: https://www.econbiz.de/10005490901

The low-frequency impact of daily monetary policy shocks

Francis, Neville; Ghysels, Eric; Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2011

With rare exception, studies of monetary policy tend to neglect the timing of the innovations to the monetary policy instrument. Models which do take timing seriously are often difficult to compare to standard VAR models of monetary policy because of the differences in the frequency that they...

Persistent link: https://www.econbiz.de/10008872024