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Taylor rules for CEE-EU countries : how much heterogeneity?

Sydykova, Meerim; Stadtmann, Georg - 2015

We derive Taylor rates for those CEE-EU countries which are not part of the Eurozone. The degree of heterogeneity decreased tremendously over time (2005 - 2015). Nevertheless, the business cycles are still not fully synchronized. As a consequence, joining the Eurozone seems to be premature and...

Persistent link: https://www.econbiz.de/10011385213

Party affiliation rather than former occupation : the background of central bank governors and its effect on monetary policy

Neuenkirch, Matthias; Neumeier, Florian - 2013 - This version: 30 July 2013

of their specific occupational background. Third, party members react significantly less to inflation and more to output …

Persistent link: https://www.econbiz.de/10009775039

Do people understand monetary policy?

Carvalho, Carlos Viana de; Nechio, Fernando - 2013

We combine questions from the Michigan Survey about the future path of prices, interest rates, and unemployment to investigate whether households are aware of the basic features of U.S. monetary policy. Our ndings support the view that at least some groups of households form their expectations...

Persistent link: https://www.econbiz.de/10010199536

The effects of policy guidance on perceptions of the fed's reaction function

Femia, Katherine; Friedman, Steven; Sack, Brian - 2013

of inflation before beginning to raise the target federal funds rate, thereby shifting to a more accommodative policy …

Persistent link: https://www.econbiz.de/10010202644

Stability and identification with optimal macroprudential policy rules

Chatelain, Jean-Bernard; Ralf, Kirsten - 2014 - Preprint

This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...

Persistent link: https://www.econbiz.de/10010378907

Financial stability and the fed : evidence from congressional hearings

Wischnewsky, Arina; Jansen, David-Jan; Neuenkirch, Matthias - 2020 - First draft: December 2018, this version: January 2020

Persistent link: https://www.econbiz.de/10012424279

Monetary policy in the franc zone : estimating interest rate rules for the BCEAO

Shortl, Anja; Stasavage, David - 2004

variables, such as inflation, the output gap, its foreign exchange position and government borrowing. …

Persistent link: https://www.econbiz.de/10011514197

Real-Time Estimation of the Output Gap in Japan and its Usefulness for Inflation Forecasting and Policymaking

Kamada, Koichiro - 2004

and disadvantages of the various output gap measures. First, I examine the usefulness of the output gap for inflation …

Persistent link: https://www.econbiz.de/10010295641

Are Eastern European taylor reaction functions asymmetric in inflation or output : empirical evidence for four countries

Klose, Jens - 2018

Do central banks in Eastern European countries react asymmetrically and in a non-linear fashion to changes in inflation … and output? We tackle this question by expanding the standard Taylor reaction function for the four inflation targeting … countries Czech Republic, Hungary, Poland and Romania. We do so taking explicitly inflation rates below or above target and …

Persistent link: https://www.econbiz.de/10011803795

Did the Taylor Rule Stabilize Inflation in Brazil?

De-Losso, Rodrigo - 2012

before and after the Real plan, which stabilized inflation in July 1994. The results show that the interest rate response to … inflation was greater than one-to-one before stabilization and smaller than that afterwards, hence inverting the Taylor …

Persistent link: https://www.econbiz.de/10013100165