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Policy rules, regime switches, and trend inflation : an empirical investigation for the U.S.
Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - 2010
, and time-varying trend inflation using post-WWII U.S. data. The model embedding the stochastic target performs better in … policy aggressiveness and inflation gap persistence. …
Persistent link: https://www.econbiz.de/10011739880
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U.S. monetary-fiscal regime changes in the presence of endogenous feedback in policy rules
Chang, Yoosoon; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2017
We investigate U.S. monetary and fiscal policy regime interactions in a model, where regimes are determined by latent autoregressive policy factors with endogenous feedback. Policy regimes interact strongly: Shocks that switch one policy from active to passive tend to induce the other policy to...
Persistent link: https://www.econbiz.de/10011657240
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Inflation Persistence in the European Union, the Euro Area, and the United States
Gadzinski, Gregory - 2011
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …
Persistent link: https://www.econbiz.de/10013120765
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Inflation Persistence in the European Union, the Euro Area, and the United States
Gadzinski, Grégory; Orlandi, Fabrice - 2021
In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …
Persistent link: https://www.econbiz.de/10013318918
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Money, interest rates, and monetary policy
Kulish, Mariano - 2005
Persistent link: https://www.econbiz.de/10003553419
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Estimating US Fiscal and Monetary Interactions : From Volcker Chairmanship to the Great Recession
Gerba, Eddie - 2013
Locating the appropriate degree of interaction between fiscal and monetary policy plays an important role in ensuring economic stability. Their joint impact is, however, still unclear. We observe significant differences in the transmission of shocks, in particular between the Great Recession and...
Persistent link: https://www.econbiz.de/10013073633
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Exigent and Unusual Circumstances : The Federal Reserve and the U.S. Financial Crisis
Johnson, Christian A. - 2013
The U.S. Federal Reserve has committed hundreds of billions of dollars in unprecedented lending activities and purchases of mortgage-backed securities based upon its authority under the Federal Reserve Act, and particularly upon its interpretation of Section 13(3), a formerly untested and unused...
Persistent link: https://www.econbiz.de/10013094881
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Essays on monetary economics
Furman, Jason - 2004
Persistent link: https://www.econbiz.de/10003383680
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U.S. Monetary-Fiscal Regime Changes in the Presence of Endogenous Feedback in Policy Rules
Chang, Yoosoon - 2017
We investigate U.S. monetary and fiscal policy regime interactions in a model, where regimes are determined by latent autoregressive policy factors with endogenous feedback. Policy regimes interact strongly: shocks that switch one policy from active to passive tend to induce the other policy to...
Persistent link: https://www.econbiz.de/10012942192
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U.S. monetary and fiscal policy regime changes and their interactions
Chang, Yoosoon; Kwak, Boreum; Qiu, Shi - 2021
interacting: central bank responds less aggressively to inflation when fiscal authority puts less attention on debt stabilisation …
Persistent link: https://www.econbiz.de/10012671665