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Alternative monetary policy rules for India

Patra, Michael Debabrata; Kapur, Muneesh - 2012

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of...

Persistent link: https://www.econbiz.de/10009614983

Dissecting Taylor Rules in a Structural VAR

Choi, Woon Gyu - 2010

This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over...

Persistent link: https://www.econbiz.de/10012677535

Role of Interest Rates in Business Cycle Fluctuations in Emerging Market Countries : The Case of Thailand

Tchakarov, Ivan - 2006

Intro -- Contents -- I. INTRODUCTION -- II. INTEREST RATES AND BUSINESS CYCLES -- III. THE GLOBAL ECONOMY MODEL WITH THE FINANCIAL ACCELERATOR -- IV. THE EFFECTS OF A 1 PERCENT U.S. INTEREST RATE HIKE -- V. A REPEAT OF THE GLOBAL BOND MARKET ROUT OF 1994? -- VI. WHAT ROLE FOR MONETARY POLICY? --...

Persistent link: https://www.econbiz.de/10012691077

Requirements for Using Interest Rates as an Operating Target for Monetary Policy

Durré, Alain - 2009

This paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the effectiveness of the current monetary policy framework will...

Persistent link: https://www.econbiz.de/10012677487

Financial Stability in a Higher-for-Longer Interest Rate Environment The Case of the Middle East and North Africa

Alter, Adrian - 2024

This paper assesses the state and resilience of corporate and banking sectors in the Middle East and North Africa (MENA) in a "higher-for-longer" interest rate environment using granular micro data to conduct the first cross-country corporate and banking sector stress tests for the MENA region....

Persistent link: https://www.econbiz.de/10015058550

Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries

Beyer, Robert - 2024

The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms, referred to as 'pass-through', is an important ingredient of monetary policy transmission to output and prices. Using data on seven different bank interest rates in 30...

Persistent link: https://www.econbiz.de/10015058763

Bank Leverage and Monetary Policy's Risk-Taking Channel : Evidence from the United States

Dell'Ariccia, Giovanni - 2013

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve's survey of terms of business lending. We find that ex-ante...

Persistent link: https://www.econbiz.de/10014409426

How Do Adaptive Learning Expectations Rationalize Stronger Monetary Policy Response in Brazil?

Dizioli, Allan - 2023

Phillip's curves with different expectation formation processes for Brazil and the USA. Other than the standard rational … in fitting the data in both Brazil and the USA. In addition, the estimation shows that expectations are more backward …-looking and started to drift away sooner in 2021 in Brazil than in the USA. We then conduct optimal policy exercises that …

Persistent link: https://www.econbiz.de/10015059818

Government Debt and Long-Term Interest Rates.

Kinoshita, Noriaki - 2006

Intro -- Contents -- I. INTRODUCTION -- II. AN OVERVIEW OF THE LITERATURE -- III. THEORETICAL ANALYSIS -- IV. EMPIRICAL EVIDENCE -- V. CONCLUSION -- References -- DERIVATION OF DYNAMIC EQUILIBRIUM CONDITIONS -- DATA SOURCES AND DEFINITIONS.

Persistent link: https://www.econbiz.de/10012690989

Interest Rate Determination in Lebanon.

Mangal Goswami - 2006

Persistent link: https://www.econbiz.de/10012691097

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