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Timeless perspective vs. discretionary monetary policy in forward-looking models

McCallum, Bennett T.; Nelson, Edward - In: Review / Federal Reserve Bank of St. Louis 86 (2004) 2, pp. 43-56

Persistent link: https://www.econbiz.de/10002156432

Targeting versus instrument rules for monetary policy

McCallum, Bennett T.; Nelson, Edward - In: Review / Federal Reserve Bank of St. Louis 87 (2005) 5, pp. 597-612

Persistent link: https://www.econbiz.de/10003198024

Targeting versus instrument rules for monetary policy : what is wrong with McCallum and Nelson?

Svensson, Lars E. O. - In: Review / Federal Reserve Bank of St. Louis 87 (2005) 5, pp. 613-626

Persistent link: https://www.econbiz.de/10003198067

Targeting versus instrument rules for monetary policy : what is wrong with McCallum and Nelson? : Commentary

McCallum, Bennett T.; Nelson, Edward - In: Review / Federal Reserve Bank of St. Louis 87 (2005) 5, pp. 627-632

Persistent link: https://www.econbiz.de/10003198094

Monetary policy analysis in models without money

McCallum, Bennett T. - In: Review / Federal Reserve Bank of St. Louis 83 (2001) 4, pp. 145-160

Persistent link: https://www.econbiz.de/10001602230

Inflation-target design: changing inflation performance and persistence in industrial countries

Siklos, Pierre L. - In: Review (1999) Mar, pp. 46-58

This paper explores the behavior of inflation in countries that formally target inflation - relative to countries with historically good inflation records - but, which do not target the rate of change in the consumer price index (CPI). Pierre L. Siklos examines the design of inflation targets...

Persistent link: https://www.econbiz.de/10005725936

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

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … in der öffentlichen Kommentierung der Geldpolitik seit 1991 fairer beurteilt werden.' Anhand von Kommentaren in den …

Persistent link: https://www.econbiz.de/10010295696

Did the Bundesbank React to Stock Price Movements?

Siklos, Pierre L.; Bohl, Martin T.; Werner, Thomas - 2003

In this paper, we investigate the relationship between stock returns and short-term interest rates. Identification of the stock return-interest rate relation is solved by using a new technique that relies on the heteroskedasticity of shocks to stock market returns. We suggest some improvements...

Persistent link: https://www.econbiz.de/10010295762

Monetary policy without monetary aggregates (conference panel discussion)

McCallum, Bennett T. - In: Review (1994) Mar, pp. 216-218

Persistent link: https://www.econbiz.de/10010726980