Reaction Function
Monetary policy and macroeconomic shocks in ethiopia specification, estimation and analysis of monetary policy reaction function
... To investigate the response of the Monetary Authority of Ethiopia to macroeconomic shocks, the study employs an econometric analysis of VAR co-integrated model using quarterly data over the period 1991 to 2005. By taking ...
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Time-Varying Monetary Policy Reaction Function: The Case of Iran
... Today, the primary aims of central banking are price and output stability. In New Keynesian context, short-term interest rate rule suggested by Taylor (1993) has gained considerable attention for price and output ...
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Monetary policy reaction function pre and post the global financial crisis
... policy reaction function pre and post the recent global financial crisis in South ...The reaction of the monetary policy interest rate is evaluated against the changes in the target variables that ...
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A Reaction Function for the Bank of the Central African States in a Context of Fiscal Dominance
... the reaction function of the BEAC and to assess the extent to which the monetary policy is influenced by the evolution of the financial situation of the States members of the ...two reaction ...
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The Instability in the Monetary Policy Reaction Function and the Estimation of Monetary Policy Shocks
... But what drives this almost text-book like result for the whole period? The cumulated monetary policy shocks plotted in …gure 1 give an answer to this question. They reveal the problem associated with RR’s estimation of ...
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Foreign exchange intervention and sterilization: an investigation of State Bank of Pakistan’s Reaction Function
... recognize that the finding that the monetary authority completely sterilized its foreign exchange intervention does not provide evidence that these interventions have an impact on exchange rate. According to portfolio ...
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Estimating a fiscal reaction function for the South East European countries
... The global economic crisis caused a deterioration in the public finances of the South East European countries. Hence, the fiscal sustainability issue became important not only for developed EU countries (considering the ...
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Reaction Function Model of Monetary Policy under Inflation Targeting Framework in Indonesia
... The study aimed were 1. to test and analyze real GDP lag, real GDP lead, real interest rate and real exchange rate simultaneously and partially affected on output gap; 2. to test and analyze real GDP and SBI interest ...
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The dynamic impact of external shocks on fiscal reaction function in a small open economy
... Fiscal authorities in a small open economy should utilize its fiscal instrument feedback to external shocks. This paper analyzes the dynamic respond of budgetary policy to external shocks in Malaysia by a Structural VAR ...
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Threshold effects in the monetary policy reaction function of the Deutsche Bundesbank
... 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 policy- ...the reaction ...
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Tests of the expectations hypothesis and policy reaction to the term spread: some comparative evidence
... policy reaction function and with an autoregressive time-varying term premium, and compared the estimates of the term structure coefficients implied by this model with those obtained in standard ...
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Monetarism, indeterminacy and the great inflation
... To test the likelihood of the US economy being in a determinate equilibrium from 1970 through to 1987, I combine the empirical distribution of the esti- mated policy and money demand coefficients with a parameterized New ...
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Essays in monetary economics
... Figure 2.3 plots the results generated by this model. Estimates from the stochastic volatility model suggest that the variance of exogenous shocks to the in- terest rate under a fixed inflation target model gradually ...
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Interaction between Vertical and Horizontal tax Competition: Theory and Evidence
... We develop a model with two provinces, producing two goods: one mobile and the other not. The mobile good is taxed according to the destination principle by the local government; it is also federally taxed. People decide ...
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Endogenous R&D and Intellectual Property Laws in Developed and Emerging Economies
... sloping reaction function of the emerging ...the reaction function of the developed economy is a vertical line corresponding to the maximum patent ...the reaction function of the ...
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Three essays on monetary policy analysis in Mongolia
... This paper estimates the reaction function of the Bank of Mongolia using a Bayesian approach by estimating the New Keynesian dynamic stochastic·general equilibrium DSGE model of a small [r] ...
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Methane Steam Reforming on Supported Nickel, Effect of Nickel Content for Product Hydrogen
... Supported nickel catalysts as heterogeneous catalysts have attracted a great attention because of their potential applications in the petrochemical industry such as hydrogenation, deoxygenation, methanation, reforming ...
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Signal function of cytokinin 6-benzylaminopurine in the reaction of Triticum aestivum L. mesophyll cells to hyperthermia
... Мета роботи – дослідження дії синтетич - ного цитокініну БАП в умовах гіпертермії на пігментний комплекс, антиоксидантну систе - му, флуоресценцію хлорофілу клітин мез[r] ...
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Induction of degenerative brain lesions after adoptive transfer of brain lymphocytes from Borna disease virus-infected rats: presence of CD8+ T cells and perforin mRNA.
... 100-ml reaction volume containing 70 ng of each oligonucleotide primer per ml; 10 mM (each) dATP, dTTP, dGTP, and dCTP (Pharmacia, Freiburg, Germany); 500 mM KCl; 250 mM Tris-HCl, pH ...
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REACTION KINETICS OF RARE EARTH AND ACTINIDE MATERIALS
... gas-solid reaction studies, mechanical energy was provided by a planetary ball mill to allow the reaction to ...the reaction were monitored using in situ temperature and pressure data to calculate ...
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