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Structural Factor-Augmented VARs (SFAVARs) and the Effects of Monetary Policy

Belviso, Francesco; Milani, Fabio - In: Topics in Macroeconomics 6 (2006) 3

-Augmented VAR (SFAVAR) model, where the factors have a clear meaning: Real Activity factor, Inflation factor, Financial Market …

Persistent link: https://www.econbiz.de/10014588414

Optimal Monetary Policy and the Correlation between Prices and Output

Cover, James Peery; Pecorino, Paul - In: Contributions in Macroeconomics 3 (2003) 1

can emerge under an optimal policy only if policymakers are concerned with both inflation and output and the underlying …

Persistent link: https://www.econbiz.de/10014588425

Are Banking Supervisory Data Useful for Macroeconomic Forecasts?

Feldman, Ron J.; Kim, Jan; Miller, Preston J.; Schmidt, … - In: Contributions in Macroeconomics 3 (2003) 1

organizations in their forecasts of inflation and unemployment. In this study we examine the extent to which forecasts of these … that confidential supervisory information would have improved forecasts of inflation. Confidential supervisory information …

Persistent link: https://www.econbiz.de/10014588426

Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules

English, William B.; Nelson, William R.; Sack, Brian P. - In: Contributions in Macroeconomics 3 (2003) 1

Many researchers have found that the lagged interest rate enters estimated monetary policy rules with overwhelming significance, suggesting that policy adjusts gradually to changes in economic conditions. However, Rudebusch (2002) argues that the lagged interest rate is not a fundamental...

Persistent link: https://www.econbiz.de/10014588428

Exchange Rates and Fiscal Adjustments: Evidence from the OECD and Implications for the EMU

Lambertini, Luisa; Tavares, José A - In: Topics in Macroeconomics 5 (2005) 1

Abstract This paper investigates whether monetary and exchange rate policies are important for the success of major fiscal adjustments. We assess their role controlling for other determinants of success identified in the literature, including the size and composition of the deficit cut, the...

Persistent link: https://www.econbiz.de/10014588445

The Great Inflation of the Seventies: What Really Happened?

Nelson, Edward - In: Topics in Macroeconomics 5 (2005) 1

Inflation of the 1970s. I emphasize that a satisfactory explanation should satisfy two important criteria. First, it must be …–which claims that policymakers took a nonmonetary view of the inflation process–meets these criteria. Other explanations of the … Great Inflation are ruled out, with one exception (the output gap mismeasurement hypothesis), which supplements the monetary …

Persistent link: https://www.econbiz.de/10014588477

Den nøytrale realrenten : et oppdatert syn på r*

Meyer, Sara S.; Ulvedal, Pål; Wasberg, Erik S. - 2022

Persistent link: https://www.econbiz.de/10013341384