Monetary Policy Under Discretion Or Commitment? : -An Empirical Study
作者： Pia Fromlet
DOI:
关键词:
摘要: In this paper, I investigate the monetary policy of five industrialized countries whichhave had explicit inflation targets for more than 15 years. Considering case dis-cretionary as w ...
参考文章(15)
Carl E. Walsh, Monetary Theory and Policy, 2nd Edition ,(2003)
A. Colin Cameron, Pravin K. Trivedi, Microeconometrics : methods and applications Cambridge University Press. ,(2005) , 10.1017/CBO9780511811241
Carl E. Walsh, Monetary Theory and Policy ,(1998)
Frederic S. Mishkin, Adam S. Posen, Ben S. Bernanke, Thomas Laubach, Inflation Targeting: Lessons from the International Experience ,(1998)
Lars E. O. Svensson, What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules Journal of Economic Literature. ,vol. 41, pp. 426- 477 ,(2003) , 10.1257/002205103765762734
Glenn D Otto, Graham M Voss, Strict and Flexible Inflation Forecast Targets: An Empirical Investigation Social Science Research Network. ,(2009) , 10.2139/SSRN.1413654
Michael Woodford, Interest and Prices: Foundations of a Theory of Monetary Policy ,(2003)
Christopher Muller, Christopher Winship, Stephen L. Morgan, Instrumental Variables Regression SAGE Publications Ltd. pp. 277- 300 ,(2014) , 10.4135/9781446288146.N13
Frank Kleibergen, Richard Paap, Generalized reduced rank tests using the singular value decomposition Journal of Econometrics. ,vol. 133, pp. 97- 126 ,(2006) , 10.1016/J.JECONOM.2005.02.011
Athanasios Orphanides, Simon van Norden, The Unreliability of Output Gap Estimates in Real Time The Review of Economics and Statistics. ,vol. 84, pp. 569- 583 ,(1999) , 10.1162/003465302760556422