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Testing asymmetries in Central Bank preferences in a small open economy : a study for Brazil
Aragón, Edilean Kleber da Silva Bejarano; Medeiros, … - In: Economia : revista da ANPEC 14 (2013) 2, pp. 61-76
In this paper, we extend Surico's (2007a) model to an open economy and test if the Brazilian Central Bank's loss function is asymmetric with regard to positive and negative deviations of the output gap and of the inflation rate from its target. Furthermore, we use tests for structural breaks to...
Persistent link: https://www.econbiz.de/10011864751
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Robust monetary policy, structural breaks, and nonlinearities in the reaction function of the Central Bank of Brazil
Medeiros, Gabriela Bezerra de; Portugal, Marcelo Savino; … - In: Economia : revista da ANPEC 17 (2016) 1, pp. 96-113
Brazil arising from this policymaker's uncertainties about the effects of the output gap on inflation. Theoretically, we … about the slope in the Phillips curve implied nonlinearities in the Central Bank of Brazil's reaction function; (ii) we … gap in Meirelles-Tombini's administration; and (iv) the Central Bank of Brazil has also reacted to the exchange rate in …
Persistent link: https://www.econbiz.de/10011865664
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Monetary policy during Brazil's Real Plan : estimating the Central Bank reaction function
Salgado, Maria José S.; Garcia, Márcio Gomes Pinto; … - 2001
Persistent link: https://www.econbiz.de/10001643909
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The determinants of disagreement between the FOMC and the Fed's staff : new insights based on a counterfactual interest rate
Bennani, Hamza; Kranz, Tobias; Neuenkirch, Matthias - 2017
We examine the degree and sources of disagreement between the Federal Open Market Committee (FOMC) and the Federal Reserve's (Fed's) staff about the appropriate policy rate for the period 1987-2011. For that purpose, we compute a counterfactual interest rate for the Fed's staff , based on its...
Persistent link: https://www.econbiz.de/10011752222
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Interest rate policy of selected central banks in Central and Eastern Europe
Grabia, Tomasz - In: Comparative economic research : Central and Eastern Europe 18 (2015) 1, pp. 25-41
The aim of this article is to present and evaluate interest rate policies of three selected central banks in Central and Eastern Europe (Poland, the Czech Republic, and Hungary) from 2001 to 2013. The study consists of an introduction (Section 1) and three main parts. The introduction contains a...
Persistent link: https://www.econbiz.de/10011861219
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Interest rate policy of selected central banks in Central and Eastern Europe
Grabia, Tomasz - In: Comparative economic research : Central and Eastern Europe 18 (2015) 1, pp. 25-41
Persistent link: https://www.econbiz.de/10011286523
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Is the Tunisian Central Bank following a linear or a nonlinear augmented Taylor rule?
Lamia, Beldi; Djelassi, Mouldi - In: International journal of economics and financial issues … 10 (2020) 3, pp. 69-78
Persistent link: https://www.econbiz.de/10012215243
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Is the ECB's conventional monetary policy state-dependent? : an event study approach
Perdichizzi, Salvatore; Cotugno, Matteo; Torluccio, Giuseppe - In: The Manchester School 90 (2022) 2, pp. 213-236
Persistent link: https://www.econbiz.de/10013162697
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Taylor rule and shadow rates : theory and empirical analysis
Lupiani, Camilla - 2024
Persistent link: https://www.econbiz.de/10014482859
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The central bank governor and interest rate setting by committee
Van Ommeren, Emile; Piccillo, Giulia - In: CESifo economic studies : a joint initiative of the … 67 (2021) 2, pp. 155-185
Persistent link: https://www.econbiz.de/10012594189