Showing 1 - 10 of 22,016
Persistent link: https://www.econbiz.de/10011743292
Ordinary Least Squares (OLS) estimation of monetary policy rules produces potentially inconsistent estimates of policy parameters. The reason is that central banks react to variables, such as in ation and the output gap, which are endogenous to monetary policy shocks. Endogeneity implies a...
Persistent link: https://www.econbiz.de/10012604681
Persistent link: https://www.econbiz.de/10013274307
Persistent link: https://www.econbiz.de/10011898967
Persistent link: https://www.econbiz.de/10013367447
Persistent link: https://www.econbiz.de/10011450745
Persistent link: https://www.econbiz.de/10012624755
The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating … economy in the face of macroeconomic shocks. Views on this question have been shaped by experience, theory and ideology to …
Persistent link: https://www.econbiz.de/10013383580
Persistent link: https://www.econbiz.de/10000863621
Persistent link: https://www.econbiz.de/10000866195