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Policy rate decisions and unbiased parameter estimation in conventionally estimated monetary policy rules
Podpiera, Jiří (contributor) - 2008
Persistent link: https://www.econbiz.de/10003804636
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Optimal monetary policy in a hybrid New Keynesian model with a cost channel
Bask, Mikael (contributor) - 2007
Persistent link: https://www.econbiz.de/10003590937
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Optimal Monetary Policy in a Hybrid New Keynesian Model with a Cost Channel
Bask, Mikael - 2007
This study shows that an expectations-based optimal policy rule has desirable properties in a standard macroeconomic model incorporating a cost channel for monetary disturbances and inflation rate expectations that are partly backwardlooking. Specifically, optimal monetary policy under...
Persistent link: https://www.econbiz.de/10014222264
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Using a projection method to analyze inflation bias in a micro-founded model
Anderson, Gary S.; Kim, Jinill; Yun, Tack - 2010
Persistent link: https://www.econbiz.de/10003989481
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Fiscal rules and discretion in a world economy
Halac, Marina; Yared, Pierre - 2015
Persistent link: https://www.econbiz.de/10011347478
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Fiscal rules and discretion under persistent shocks
Halac, Marina; Yared, Pierre - In: Econometrica : journal of the Econometric Society, an … 82 (2014) 5, pp. 1557-1614
Persistent link: https://www.econbiz.de/10011555479
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Fiscal rules and discretion under persistent shocks
Halac, Marina; Yared, Pierre - 2012
Persistent link: https://www.econbiz.de/10009679647
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The role of ad hoc factors in policy rate settings
Podpiera, Jiří - In: Economic modelling 25 (2008) 5, pp. 1003-1010
Persistent link: https://www.econbiz.de/10003800685
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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary Lans - In: Journal of money, credit and banking : JMCB 37 (2005) 6, pp. 1001-1018
Persistent link: https://www.econbiz.de/10003262761
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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary Lans - 2001
inflation bias as monetary policy tries to exploit nominal wage contracts to address labor-market distortions. Although an … inflation target eliminates this inflation bias, it creates a conflict between monetary policy and discretionary fiscal policy …
Persistent link: https://www.econbiz.de/10001597627