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Nonlinear Interest Rate Reaction Functions for the UK
Brüggemann, Ralf; Riedel, Jana - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2010
We empirically analyze Taylor-type equations for short-term interest rates in the United Kingdom using quarterly data from 1970Q1 to 2006Q2. Starting from strong evidence against a simple linear Taylor rule, we model nonlinearities using logistic smooth transition regression (LSTR) models. The...
Persistent link: https://www.econbiz.de/10008751913
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Inflation Targeting in Colombia, 2002–12
Hofstetter, Marc; Hamann, Franz; Urrutia, Miguel - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2014)
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10010945756
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How Does Monetary Policy Change? Evidence on Inflation Targeting Countries
Baxa, Jaromír; Horváth, Roman; Vasícek, Borek - Departament d'Economia Aplicada, Universitat Autònoma … - 2010
pointing to the importance of applying time-varying estimation framework. Second, the interest rate smoothing parameter is much …
Persistent link: https://www.econbiz.de/10008740442
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Inflation Targeting in Colombia, 2002-2012
Hamann, Franz; Hofstetter, Marc; Urrutia, Miguel - BANCO DE LA REPÚBLICA - 2014
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10010828188
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How Does Monetary Policy Change? Evidence on Inflation Targeting Countries
Baxa, Jaromir; Horvath, Roman; Vasicek, Borek - Česká Národní Banka - 2010
pointing to the importance of applying time-varying estimation framework. Second, the interest rate smoothing parameter is much …
Persistent link: https://www.econbiz.de/10008765131
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How Does Monetary Policy Change? Evidence on Inflation Targeting Countries
Baxa, Jaromír; Horváth, Roman; Vašíček, Bořek - Institut ekonomických studií, Univerzita Karlova v Praze - 2010
, pointing to the importance of applying a time-varying estimation framework. Second, the interest rate smoothing parameter is …
Persistent link: https://www.econbiz.de/10008682896
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Inflation Targeting in Colombia, 2002-2012
Hamann, Franz; Hofstetter, Marc; Urrutia, Miguel - UNIVERSIDAD DE LOS ANDES-CEDE - 2014
Abstract After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange...
Persistent link: https://www.econbiz.de/10010763879
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Monetary Policy Analysis in Real-Time. Vintage Combination from a Real-Time Dataset.
Altavilla, Carlo; Ciccarelli, Matteo - CESifo - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities’ reaction functions, we show that this simple method can improve forecasting performance and provide …
Persistent link: https://www.econbiz.de/10008861862
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Monetary Policy Analysis in Real-Time. Vintage combination from a real-time dataset
Altavilla, Carlo; Ciccarelli, Matteo - Centro Studi di Economia e Finanza (CSEF) - 2011
matrix and averages model estimates across all data releases. Using standard forecasting and policy models to analyze … monetary authorities’ reaction functions, we show that this simple method can improve forecasting performance and provide …
Persistent link: https://www.econbiz.de/10008854448
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New Paradigms in Monetary Theory and Policy?
Haldane, Andrew G.; Coulibaly, Dramane; Kempf, Hubert; … - SUERF - The European Money and Finance Forum
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10009651458