Showing 1 - 10 of 3,295
The purpose of this paper is to evaluate the behavior of monetary authorities in Tunisia and Egypt, in response to changes in macroeconomic variables over time based on LSTR model. In this sense, we estimate Taylor-type equations for short-term interest rate in Tunisia and Egypt using quarterly...
Persistent link: https://www.econbiz.de/10011499480
This paper examines the relationship between Federal Reserve policy and the Taylor rule, a commonly used model for guiding monetary policy. The study analyzes the deviation of the actual Federal Funds Rate from the Taylor Rule model during distinct structural changes, using real-time...
Persistent link: https://www.econbiz.de/10014500851
We develop a New Keynesian model where all payments between agents require bank deposits through deposits-in-advance constraints, bank deposits are created through disbursement of bank loans, and banks face a convex lending cost. At the zero lower bound on deposit rates (ZLBD), changes in policy...
Persistent link: https://www.econbiz.de/10012262361
Central banks' monetary policy rules being consistent with policy objectives are a fundamental of applied monetary economics. We seek to determine, first, which of the central bank's rules are most in line with the historical data for the US economy and, second, what policy rule would work best...
Persistent link: https://www.econbiz.de/10012889764
Persistent link: https://www.econbiz.de/10010417580
Persistent link: https://www.econbiz.de/10011957636
Persistent link: https://www.econbiz.de/10011707567
Persistent link: https://www.econbiz.de/10011795839
Persistent link: https://www.econbiz.de/10012197536
Persistent link: https://www.econbiz.de/10012299786