Summary Statistics for Monetary Policy Regimes
Monetary policy regimes and beliefs
... 6 quarters for output to make most of the adjustment its new stationary value, whereas it only took 3 quarters following a disinflation. This experiment reinforces the observation that slow adjustment of beliefs lies at ...
38
Monetary policy regimes and the Nordic model
... macroeconomic policy has to be coordinated with wage setting and labour market policies in order to promote international competitiveness as well as macroeconomic stability and high ...the monetary ...
34
Monetary Policy Regimes: a fragile consensus
... guiding monetary policy decisions, transparency makes the monetary policy transmission mechanism more ...the policy making process ensures that market expectations can be formed more ...
25
A Tale of Two Regimes: Classifying and Revisiting the Monetary Policy Regimes
... of monetary policy regimes is itself endogenous and depends on economic ...rate regimes using variables with stronger theoretical ...two monetary policy ...
36
Exchange Rates, Monetary Policy Regimes, and Beliefs
... of monetary injections in each ...from monetary regime switching and Bayesian updating of beliefs about monetary regimes a®ects the dynamics of the liquidity e®ect and the dynamics of nominal ...
40
Endogenous Monetary Policy Regimes and the Great Moderation
... a monetary shock could di¤er not only when policy is loose or tight but also when it is credible or non ...tight policy of the early ’80s, it took some time to restore the central bank credibility ...
42
Exchange rates, monetary policy regimes, and beliefs
... of monetary injections in each ...from monetary regime switching and Bayesian updating of beliefs about monetary regimes a®ects the dynamics of the liquidity e®ect and the dynamics of nominal ...
41
International Experiences With Different Monetary Policy Regimes
... over monetary policy under the currency board system, it was relatively helpless to counteract the contractionary monetary policy stemming from the public's ...
53
International Experiences with Different Monetary Policy Regimes
... inflation-targeting regimes is that deviations from inflation targets are routinely allowed in response to supply ...Inflation-targeting regimes also put great stress making policy transparent -- ...
48
The role of money in economies with monetary policy regimes that ignore monetary aggregates
... to monetary aggregates in their monetary policy strategies during the period under ...its monetary policy strategy to any specific ...
39
Monetary policy regimes: a synthesis of the monetary control and rational expectations literatures
... Recent theoretical and empirical r e s u l t s suggest t h a t t h i s trend- stationarity r e s t r i c t i o n of the model i s a potentially serious one i f private agents use current information s e t s . Goodfriend ...
58
The “Price Puzzle” under Changing Monetary Policy Regimes
... contractionary monetary policy shock, using monthly US data from 1960 to ...and monetary contractions, very much con- sistent with the “Taylor ...
8
Exchange rates and monetary policy regimes in Canada and the U.S.
... about regimes gradually update their ...in regimes and the lower the amount of noise in the observed ...across regimes, the faster beliefs converge to the actual regime in place following a ...of ...
57
Varying Monetary Policy Regimes: A Vector Autoregressive Investigation
... the monetary policy regime may be subject to this general ...with policy makers who set policy in an optimizing framework: any change in the underlying determinants of private sector behavior ...
32
U.S. Monetary Policy Regimes and U.S.-Japan Financial Relations
... exchange rate primarily in that the hypothesis of equal responses across periods can be rejected at the 5 percent significance level in each case except for the third and fourth periods.[r] ...
36
Heterogeneous Consumers, Demand Regimes, Monetary Policy Efficacy and Determinacy
... different regimes plays a very crucial role on the discussion about monetary policy efficacy and equilibrium ...positive, monetary policy efficacy increases in the fraction of Spenders ...
24
Monetary Policy Spillovers under Intermediate Exchange Rate Regimes
... country policy rates and country i’s policy rates which strengthens as the exchange rate policy becomes increasingly rigid, or as capital accounts become more ...rate regimes offer ...
64
Monetary Policy Spillovers under Intermediate Exchange Rate Regimes
... country policy rates and country i’s policy rates which strengthens as the exchange rate policy becomes increasingly rigid, or as capital accounts become more ...rate regimes offer ...
64
Heterogeneous consumers, demand regimes, monetary policy and equilibrium determinacy
... good policy for a regime can be explosive in the another ...the monetary policy according to rules designed for developed financial markets in economy where the financial market were not fully ...
27
Conference Summary: Price Adjustment and Monetary Policy
... optimal monetary policy in a single country, as well as the issue of international pol- icy ...optimal monetary policy rules and international policy coordi- nation, than in providing ...
6