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Regime switching and monetary policy measurement

Owyang, Michael T.; Ramey, Garey - In: Journal of monetary economics 51 (2004) 8, pp. 1577-1597

Persistent link: https://www.econbiz.de/10002485158

Regime switching and monetary policy measurement

Owyang, Michael T.; Ramey, Garey - 2003

Persistent link: https://www.econbiz.de/10001778115

Regime switching and monetary policy measurement

Owyang, Michael T.; Ramey, Garey - 2001

Persistent link: https://www.econbiz.de/10001574557

Policy rules, regime switches, and trend inflation : an empirical investigation for the United States

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - In: Macroeconomic dynamics 18 (2014) 4, pp. 920-942

Persistent link: https://www.econbiz.de/10010467417

Policy rules, regime switches, and trend inflation : an empirical investigation for the U.S.

Castelnuovo, Efrem; Greco, Luciano; Raggi, Davide - 2010

This paper estimates Taylor rules featuring instabilities in policy parameters, switches in policy shocks' volatility, and time-varying trend inflation using post-WWII U.S. data. The model embedding the stochastic target performs better in terms of data-fit and identification of the changes in...

Persistent link: https://www.econbiz.de/10011739880