La règle monétaire de McCallum revue à la lumière de la méthodologie de Litterman
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Bennett T. McCallum, 1987. "The case for rules in the conduct of monetary policy: a concrete example," Economic Review, Federal Reserve Bank of Richmond, vol. 73(Sep), pages 10-18.
- Friedman, Benjamin M., 1988. "Conducting monetary policy by controlling currency plus noise : A comment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 205-212, January.
- Robert B. Litterman, 1984. "Forecasting and policy analysis with Bayesian vector autoregression models," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Fall).
- McNees, Stephen K., 1986. "Forecasting accuracy of alternative techniques: A comparison of US macroeconomic forecasts, with comment : Stephen K. McNees, with comment, Journal of Business and Economic Statistics 4 (1986) 5-23," International Journal of Forecasting, Elsevier, vol. 2(4), pages 497-498.
- McNees, Stephen K, 1986. "Forecasting Accuracy of Alternative Techniques: A Comparison of U.S. Macroeconomic Forecasts," Journal of Business & Economic Statistics, American Statistical Association, vol. 4(1), pages 5-15, January.
- Bernanke, Ben S., 1986.
"Alternative explanations of the money-income correlation,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 49-99, January.
- Ben S. Bernanke, 1986. "Alternative Explanations of the Money-Income Correlation," NBER Working Papers 1842, National Bureau of Economic Research, Inc.
- Leamer, Edward E., 1985. "Vector autoregressions for causal inference?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 22(1), pages 255-304, January.
- Richard M. Todd, 1984. "Improving economic forecasting with Bayesian vector autoregression," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Fall).
- Christopher A. Sims, 1986. "Are forecasting models usable for policy analysis?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Win), pages 2-16.
- Robert B. Litterman, 1979. "Techniques of forecasting using vector autoregressions," Working Papers 115, Federal Reserve Bank of Minneapolis.
- Blanchard, Olivier Jean, 1989. "A Traditional Interpretation of Macroeconomic Fluctuations," American Economic Review, American Economic Association, vol. 79(5), pages 1146-1164, December.
- Thomas Doan & Robert B. Litterman & Christopher A. Sims, 1983.
"Forecasting and Conditional Projection Using Realistic Prior Distributions,"
NBER Working Papers
1202, National Bureau of Economic Research, Inc.
- Thomas Doan & Robert B. Litterman & Christopher A. Sims, 1986. "Forecasting and conditional projection using realistic prior distribution," Staff Report 93, Federal Reserve Bank of Minneapolis.
- Mankiw, N Gregory, 1990.
"A Quick Refresher Course in Macroeconomics,"
Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1645-1660, December.
- N. Gregory Mankiw, 1990. "A Quick Refresher Course in Macroeconomics," NBER Working Papers 3256, National Bureau of Economic Research, Inc.
- Robert J. Gordon & Stephen R. King, 1982. "The Output Cost of Disinflation in Traditional and Vector Autoregressive Models," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 13(1), pages 205-244.
- Bean, Charles R, 1983. "Targeting Nominal Income: An Appraisal," Economic Journal, Royal Economic Society, vol. 93(372), pages 806-819, December.
- Mccallum, Bennet T., 1988. "Robustness properties of a rule for monetary policy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 173-203, January.
- Jacques Raynauld, 1988. "Canadian Regional Cycles: The Quebec-Ontario Case Revisited," Canadian Journal of Economics, Canadian Economics Association, vol. 21(1), pages 115-128, February.
- Taylor, John B., 1985. "What would nominal GNP targetting do to the business cycle?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 22(1), pages 61-84, January.
- McCallum, Bennett T, 1984.
"Monetarist Rules in the Light of Recent Experience,"
American Economic Review, American Economic Association, vol. 74(2), pages 388-391, May.
- Bennett T. McCallum, 1984. "Monetarist Rules in the Light of Recent Experience," NBER Working Papers 1277, National Bureau of Economic Research, Inc.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ford, Stephen A., 1986. "A Beginner'S Guide To Vector Autoregression," Staff Papers 13527, University of Minnesota, Department of Applied Economics.
- repec:zbw:bofrdp:1995_021 is not listed on IDEAS
- Timonen, Jouni, 1995. "Nominal income as an intermediate target for monetary policy," Research Discussion Papers 21/1995, Bank of Finland.
- Gary L. Shoesmith, 1990. "The Forecasting Accuracy of Regional Bayesian VAR Models with Alternative National Variable Choices," International Regional Science Review, , vol. 13(3), pages 257-269, December.
- Espinosa Acuña, Óscar A. & Vaca González, Paola A. & Avila Forero, Raúl A., 2013. "Elasticidades de demanda por electricidad e impactos macroecon_omicos del precio de la energía eléctrica en Colombia || Elasticity of Electricity Demand and Macroeconomics Impacts of Electricity Price," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 16(1), pages 216-249, December.
- Gossé, Jean-Baptiste & Guillaumin, Cyriac, 2013.
"L’apport de la représentation VAR de Christopher A. Sims à la science économique,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(4), pages 309-319, Décembre.
- Jean-Baptiste Gossé & Cyriac Guillaumin, 2013. "L’apport de la représentation VAR de Chrisropher A. Sims à la science économique," Post-Print halshs-01075741, HAL.
- Robert E. Hall & N. Gregory Mankiw, 1994.
"Nominal Income Targeting,"
NBER Chapters, in: Monetary Policy, pages 71-94,
National Bureau of Economic Research, Inc.
- Robert E. Hall & N. Gregory Mankiw, 1993. "Nominal Income Targeting," NBER Working Papers 4439, National Bureau of Economic Research, Inc.
- Hall, R.E. & Mankiw, N.G., 1993. "Nominal Income Targeting," Harvard Institute of Economic Research Working Papers 1650, Harvard - Institute of Economic Research.
- Karlsson, Sune, 2013.
"Forecasting with Bayesian Vector Autoregression,"
Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 791-897,
Elsevier.
- Karlsson, Sune, 2012. "Forecasting with Bayesian Vector Autoregressions," Working Papers 2012:12, Örebro University, School of Business.
- Timonen, Jouni, 1995. "Nominal income as an intermediate target for monetary policy," Bank of Finland Research Discussion Papers 21/1995, Bank of Finland.
- Francisco F. R. Ramos, 1996. "VAR Priors: Success or lack of a decent macroeconomic theory?," Econometrics 9601002, University Library of Munich, Germany.
- Defina, Robert H. & Stark, Thomas C. & Taylor, Herbert E., 1996. "The long-run variance of output and inflation under alternative monetary policy rules," Journal of Macroeconomics, Elsevier, vol. 18(2), pages 235-251.
- Keating, John W., 1996. "Structural information in recursive VAR orderings," Journal of Economic Dynamics and Control, Elsevier, vol. 20(9-10), pages 1557-1580.
- Christopher A. Sims, 1993.
"A Nine-Variable Probabilistic Macroeconomic Forecasting Model,"
NBER Chapters, in: Business Cycles, Indicators, and Forecasting, pages 179-212,
National Bureau of Economic Research, Inc.
- Christopher A. Sims, 1989. "A nine variable probabilistic macroeconomic forecasting model," Discussion Paper / Institute for Empirical Macroeconomics 14, Federal Reserve Bank of Minneapolis.
- Christopher A. Sims, 1992. "A Nine Variable Probabilistic Macroeconomic Forecasting Model," Cowles Foundation Discussion Papers 1034, Cowles Foundation for Research in Economics, Yale University.
- Starck, Christian, 1991. "Specifying a Bayesian vector autoregression for short-run macroeconomic forecasting with an application to Finland," Research Discussion Papers 4/1991, Bank of Finland.
- Roberto M. Billi, 2020.
"Output Gaps and Robust Monetary Policy Rules,"
International Journal of Central Banking, International Journal of Central Banking, vol. 16(2), pages 125-152, March.
- Billi, Roberto M., 2012. "Output Gaps and Robust Monetary Policy Rules," Working Paper Series 260, Sveriges Riksbank (Central Bank of Sweden).
- Billi, Roberto M., 2018.
"Price level targeting and risk management,"
Economic Modelling, Elsevier, vol. 73(C), pages 163-173.
- Roberto M. Billi, 2008. "Price-level targeting and risk management in a low-inflation economy," Research Working Paper RWP 08-09, Federal Reserve Bank of Kansas City.
- Billi, Roberto, 2015. "Price Level Targeting and Risk Management," Working Paper Series 302, Sveriges Riksbank (Central Bank of Sweden), revised 01 Feb 2016.
- Bennett T. McCallum, 1984.
"Credibility and monetary policy,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 105-135.
- Bennett T. McCallum, 1984. "Credibility and Monetary Policy," NBER Working Papers 1490, National Bureau of Economic Research, Inc.
- McCallum, Bennett T. & Nelson, Edward, 1999.
"Nominal income targeting in an open-economy optimizing model,"
Journal of Monetary Economics, Elsevier, vol. 43(3), pages 553-578, June.
- McCallum, Bennett T. & Nelson, Edward, 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Seminar Papers 644, Stockholm University, Institute for International Economic Studies.
- Bennett T. McCallum & Edward Nelson, 2000. "Nominal Income Targeting in an Open-Economy Optimizing Model," NBER Working Papers 6675, National Bureau of Economic Research, Inc.
- McCallum, B.T. & Nelson, E., 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Papers 644, Stockholm - International Economic Studies.
- Jeffrey A. Frankel, 1993.
"Monetary regime choices for a semi-open country,"
Pacific Basin Working Paper Series
93-02, Federal Reserve Bank of San Francisco.
- Frankel, Jeffrey A., 1994. "Monetary Regime Choices for a Semi-Open Country," Center for International and Development Economics Research (CIDER) Working Papers 233378, University of California-Berkeley, Department of Economics.
- Jeffrey A. Frankel., 1994. "Monetary Regime Choices for a Semi-Open Country," Center for International and Development Economics Research (CIDER) Working Papers C94-036, University of California at Berkeley.
- Ribba, Antonio, 2007.
"Permanent disinflationary effects on unemployment in a small open economy: Italy 1979-1995,"
Economic Modelling, Elsevier, vol. 24(1), pages 66-81, January.
- Antonio Ribba, 2006. "Permanent Disinflationary Effects on Unemployment in a Small Open Economy: Italy 1979-1995," EcoMod2006 272100073, EcoMod.
- W. Douglas McMillin & James S. Fackler, 2006.
"Estimating the Inflation-Output Variability Frontier with Inflation Targeting: A VAR Approach,"
Departmental Working Papers
2006-17, Department of Economics, Louisiana State University.
- W. Douglas McMillin & James S. Fackler, 2007. "Estimating the Inflation-Output Variability Frontier with Inflation Targeting: A VAR Approach," Departmental Working Papers 2007-04, Department of Economics, Louisiana State University.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:68:y:1992:i:1:p:262-282. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Dostie The email address of this maintainer does not seem to be valid anymore. Please ask Benoit Dostie to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/scseeea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.