monetary policy reaction function
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Are there gains from including monetary aggregates and stock market indices in the monetary policy reaction function? A simulation study of recent U S monetary policy
... optimal policy rules assume that the central bank knows the structural relationships within the ...the monetary transmission mechanism and only have a rough understanding of the functioning of the ...
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Threshold effects in the monetary policy reaction function of the Deutsche Bundesbank
... the monetary policy reaction function of the Deutsche Bundesbank with a special focus on using appropri- ate real-time data to model the information set available to the Bundesbank’s ...
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Time-Varying Monetary Policy Reaction Function: The Case of Iran
... parameter monetary growth rate reaction function for monetary policy in ...varying monetary policy reaction ...a monetary policy reaction ...
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Monetary policy reaction function pre and post the global financial crisis
... the monetary policy reaction function pre and post the recent global financial crisis in South ...The reaction of the monetary policy interest rate is evaluated against ...
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Monetary policy and macroeconomic shocks in ethiopia specification, estimation and analysis of monetary policy reaction function
... a monetary policy reaction function in the context of the inflation-targeting ...the Monetary Board has undertaken inflation- targeting framework and used a model of inter-bank lending ...
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The Instability in the Monetary Policy Reaction Function and the Estimation of Monetary Policy Shocks
... regime, monetary policy played a stabilizing role in containing in‡a- ...that monetary policy makers are constrained by the availability of the real-time ...the monetary policy ...
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oa Botswana Institute of Administration & Commerce Journal - Monetary policy reaction function through extended Tailor's Rule
... This paper examined the Bank of Botswana's monetary policy reaction function (MP RF) using the extended Taylor's rule, the VECM and the impulse response functions.. We found that the[r] ...
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Effectiveness and Commitment to Inflation Targeting Policy: Evidences from Indonesia and Thailand
... the monetary authorities of these two major Southeast Asian countries to credibly implement the IT ...IT policy is credibly enforced, if the monetary authority is committed to rein in inflationary ...
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Estimating Monetary Policy Reaction Functions Using Quantile Regressions
... a monetary policy reaction function estimated at the mean and the other way around during downward ...stabilizing policy compared to estimates at the mean as the structural coefficients ...
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Asset Prices and Monetary Policy in the Euro Area: a tentative model
... optimal reaction function for the central bank in the context of a simple model, we saw that under inflation targeting the target rule is very ...the monetary authorities loss function with ...
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Taylor rule in practice: Evidence from Tunisia
... the reaction functions and is in- creasingly used as a very famous reference in monetary policy discussions, and can be used to evaluate the subsequent monetary policy and to ensure the ...
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Monetary Policy Committee and Monetary Policy Conduct in Nigeria: A Preliminary Investigation
... the policy reaction function across members as well as significant interactions between individual decisions of the committee ...experience, policy discussions should not be based on ...
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Reaction of Swiss term premia to monetary policy surprises
... response function, which shows the reaction to a 1% increase in the 3-month yield – incorporating how all factors typically move in response to such an ...
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A Reaction Function for the Bank of the Central African States in a Context of Fiscal Dominance
... Bank policy rate to these ...of monetary policy, high and rapid changes in the key rate can lead to uncontrolled and unanticipated effects on the real ...
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Should Canadian monetary policy respond to asset prices? Evidence from a structural model
... a reaction function rule for the Canada, where the information from some …nancial variables is accounted for to shed some more light on its ...loss function but also a stock market ...loss ...
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Examining monetary policy reaction in the People’s Republic of China – a Markov switching policy index approach
... the monetary policy ...paradoxical monetary policy responses in this ...the monetary policy ...the monetary policy ...bank reaction function that ...
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Monetary policy rule and its performance under inflation targeting: the evidence of Thailand
... The policy reaction function is one of the useful analytical tools to describe a monetary policy rule in practices managed by a central ...nominal policy interest rate in ...
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Reaction Function Model of Monetary Policy under Inflation Targeting Framework in Indonesia
... The study concluded that 1. real GDP lag, real GDP lead, real interest rate and real exchange rate simultaneously significant affected on output gap. Real GDP lag, real interest rate and real exchange rate partially ...
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The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis
... of monetary and fiscal policies under the fixed exchange rate regime (For instance, see Bahmani- Oskooee and Pourheydarian 1990; Gali and Monacelli 2005; Lane and Perotti 2003; Niehans 1968; Shambaugh ...fiscal ...
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Bayesian Analysis of DSGE Models with Regime Switching
... passive policy and around mid-1980s from passive to active policy as shown in Figure ...the reaction to the output gap is more aggressive in the active policy regime ...
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