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From Taylor Rule to Money - Traditional and Unconventional Monetary Policies in the First Years of the Financial Crisis : Evidence from the United Kingdom, the USA and Europe

Carboni, Andrea - 2012

This work examines the role of the Federal Reserve, the Bank of England and the European Central Bank in managing traditional and unconventional tools of monetary policy especially during the first years of the financial crisis. For the traditional approach we estimate a Taylor-type reaction...

Persistent link: https://www.econbiz.de/10013112238

How the ECB and US Fed set interest rates

Belke, Ansgar; Polleit, Thorsten - 2006

Monetary policies of the ECB and US Fed can be characterised by "Taylor rules", that is both central banks seem to be setting rates by taking into account the "output gap" and inflation. We also set up and tested Taylor rules which incorporate money growth and the euro-dollar exchange rate,...

Persistent link: https://www.econbiz.de/10003750293

Shifting preferences at the fed : evidence from rolling dynamic multipliers and impulse response analysis

Greenwood-Nimmo, Matthew; Shin, Yongcheol - 2010

attribute these mixed estimation results to a raft of empirical issues from which many existing studies suffer, including bias … the operation of a Taylor-type rule, albeit with considerable inertia. We argue that estimation across rolling windows may … estimation provides substantial evidence that the inflation and output preferences of the Fed have varied through time …

Persistent link: https://www.econbiz.de/10009306629

Money, stock prices and central banks : cross-country comparisons of cointegrated VAR models

Belke, Ansgar; Wiedmann, Marcel - 2013

In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies - namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil - in the Cointegrated...

Persistent link: https://www.econbiz.de/10010255144

Monetary policy, stock prices and central banks cross-country comparisons of cointegrated VAR models

Belke, Ansgar; Wiedmann, Marcel - 2013

ausgewählte industrialisierte und aufstrebende Volkswirtschaften - die USA, den Euroraum, Japan, das Vereinigte Königreich …

Persistent link: https://www.econbiz.de/10009779040

Monetary Policy, Stock Prices and Central Banks – Cross-Country Comparisons of Cointegrated VAR Models

Belke, Ansgar Hubertus - 2013

In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies – namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil – in the Cointegrated...

Persistent link: https://www.econbiz.de/10013077799

Asymmetric Adjustment of Commercial Bank Interest Rates in the Euro Area : An Empirical Investigation into Interest Rate Pass-Through

Sander, Harald; Kleimeier, Stefanie - 2001

on cointegration analyses allowing for structural breaks and symmetric as well as for a variety of asymmetric adjustment …

Persistent link: https://www.econbiz.de/10014128699

Asymmetric Adjustment of Commercial Bank Interest Rates in the Euro Area : An Empirical Investigation into Interest Rate Pass-Through

Sander, Harald; Kleimeier, Stefanie - 2001

error correction mechanism, which is obtained from cointegration analyses allowing for structural breaks and symmetric as …

Persistent link: https://www.econbiz.de/10014122856

Explaining inflation-gap persistence by a Time-Varying Taylor rule

Conrad, Christian; Eife, Thomas A. - 2012 - This draft: January 2012

In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...

Persistent link: https://www.econbiz.de/10009526206

Explaining inflation persistence by a time-varying Taylor rule

Conrad, Christian; Eife, Thomas A. - 2010

In a simple New Keynesian model, we derive a closed form solution for the inflation persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...

Persistent link: https://www.econbiz.de/10008758155