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The Federal Reserve's implicit inflation target and macroeconomic dynamics : a SVAR analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - 2017

This paper identifies shocks to the Federal Reserve's inflation target as VAR innovations that make the largest contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte-Carlo experiments. The estimated impulse responses...

Persistent link: https://www.econbiz.de/10011671941

The federal reserve's implicit inflation target and macroeconomic dynamics : a SVAR analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - 2018

This paper identifies shocks to the Federal ReserveÕs inflation target as VAR innovations that make the largest contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte-Carlo experiments. The estimated impulse responses...

Persistent link: https://www.econbiz.de/10011867818

Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007...

Hansen, Mads R. - 2024

In this paper, Structural Vector Autoregressive (SVAR) models of quarterly data between 2007 and 2021 are estimated to …

Persistent link: https://www.econbiz.de/10014490713

Money and Monetization in China's Economic Reform

Li, Kui-Wai - 1998

Monetization has been argued as the fifth feature in China's economic reform in addition to privatization … China. By constructing four causality relationships between interest rate and savings, money and inflation, interest rate … and a restoration in the functions of money since the late 1970s in China …

Persistent link: https://www.econbiz.de/10014110078