Similar Search Results

Solving linear difference systems with lagged expectations by a method of undetermined coefficients

Wang, Peng-fei; Wen, Yi - Federal Reserve Bank of St. Louis - 2006

This paper proposes a solution method to solve linear difference models with lagged expectations. Variables with lagged expectations expand the model's state space greatly when N is large; and getting the system into a canonical form solvable by the traditional methods involves substantial manual...

Persistent link: https://www.econbiz.de/10005490983

The effectiveness of monetary policy : an assessment

Wen, Yi (contributor) - 2005

"When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...

Persistent link: https://www.econbiz.de/10002956722

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

Whatś unique about the federal funds rate? : Evidence from a spectral perspective

Sarno, Lucio (contributor); Thornton, Daniel L. (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974839

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

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

The monetary instrument matters

Gavin, William T.; Keen, Benjamin D.; Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2005

This paper revisits the issue of money growth versus the interest rate as the instrument of monetary policy. Using a … of inflation relative to money growth depends on whether the central bank follows a money growth rule or an interest rate … rule. With a money growth rule, inflation is not persistent and the price level is much more volatile than the money supply …

Persistent link: https://www.econbiz.de/10005352925

Demographics, redistribution, and optimal inflation

Bullard, James; Garriga, Carlos; Waller, Christopher J. - Federal Reserve Bank of St. Louis - 2012

May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.

Persistent link: https://www.econbiz.de/10010727313

Evaluating unconventional monetary policies -why aren’t they more effective?

Wen, Yi - Federal Reserve Bank of St. Louis - 2013

order of more than 50% of annual GDP), money injections through LSAP cannot effectively boost aggregate output and …

Persistent link: https://www.econbiz.de/10010699995

The effectiveness of monetary policy: an assessment

Wen, Yi - Federal Reserve Bank of St. Louis - 2005

When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...

Persistent link: https://www.econbiz.de/10005707746