rate. This logically implies that, under monetary regimes which cause inflation to be I(0), permanent fluctuations in M1 … area and several inflation-targeting countries is compatible with this notion, with velocity fluctuations being … estimate the natural rate of interest for the United Kingdom and Canada under inflation targeting: In either country, the …

, but also risk weights (RW), amortization (Amort) and, less used, countercyclical buffer (CCyB). Estimation of dynamic … is found for RW. The estimation results when house price growth is the dependent variable are in the main consistent with …

series and estimation of time varying parameter processes by well-known rolling regression estimation techniques. We … point for further research on numerous open problems including establishing estimation results of time-varying parameters …

authorities tried to deliver a low and stable inflation from 1975 onwards, however, the severe adverse supply shocks in the 70s …

finite sample properties of the Lasso by deriving upper bounds on the estimation and prediction errors that are valid with … random walk. We use our model to investigate the monetary policy response to inflation and business cycle fluctuations in the …

Monetary policy rule parameters estimated with conventional estimation techniques can be severely biased if the … estimation sample includes periods of low interest rates. Nominal interest rates cannot be negative, so that censored regression … methods like Tobit estimation have to be used to achieve unbiased estimates. We use IV-Tobit regression to estimate monetary …