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Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence
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Cited by:
- Andrew Levin & Volker Wieland & John C. Williams, 2003.
"The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty,"
American Economic Review, American Economic Association, vol. 93(3), pages 622-645, June.
- Andrew Levin & Volker Wieland & John Williams, 2000. "The Performance Of Forecast-Based Monetary Policy Rules Under Model Uncertainty," Computing in Economics and Finance 2000 203, Society for Computational Economics.
- Levin, Andrew T. & Wieland, Volker & Williams, John C., 2001. "The performance of forecast-based monetary policy rules under model uncertainty," Working Paper Series 68, European Central Bank.
- Levin, Andrew & Wieland, Volker & Williams, John C., 2003. "The performance of forecast-based monetary policy rules under model uncertainty," CFS Working Paper Series 2003/06, Center for Financial Studies (CFS).
- Andrew T. Levin & Volker W. Wieland & John C. Williams, 2001. "The performance of forecast-based monetary policy rules under model uncertainty," Finance and Economics Discussion Series 2001-39, Board of Governors of the Federal Reserve System (U.S.).
- Andrew Levin & John C. Williams, 2000. "The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty," Econometric Society World Congress 2000 Contributed Papers 1781, Econometric Society.
- Montoro, Carlos, 2007.
"Monetary policy committees and interest rate smoothing,"
LSE Research Online Documents on Economics
19752, London School of Economics and Political Science, LSE Library.
- Carlos Montoro, 2007. "Monetary Policy Committees and Interest Rate Smoothing," CEP Discussion Papers dp0780, Centre for Economic Performance, LSE.
- Pierre L. Siklos & Diana N. Weymark, 2008.
"Data Revisions, Gradualism, and US Inflation Pressure in Real Time,"
Vanderbilt University Department of Economics Working Papers
0816, Vanderbilt University Department of Economics.
- Pierre L. Siklos & Diana N. Weymark, 2011. "Data Revisions, Gradualism, and US Inflation Pressure in Real Time," Vanderbilt University Department of Economics Working Papers 1110, Vanderbilt University Department of Economics.
- Stefano d'Addona & Ilaria Musumeci, 2013.
"The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules,"
Applied Financial Economics, Taylor & Francis Journals, vol. 23(23), pages 1783-1795, December.
- Stefano d'Addona & Ilaria Musumeci, 2012. "The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules," CEIS Research Paper 225, Tor Vergata University, CEIS, revised 26 Mar 2012.
- Edilean Silva Bejarano Aragón & Gabriela Medeiros, 2015. "Monetary policy in Brazil: evidence of a reaction function with time-varying parameters and endogenous regressors," Empirical Economics, Springer, vol. 48(2), pages 557-575, March.
- Jan Klacso, 2015. "The Effects of the Euro Area Entrance on the Monetary Transmission Mechanism in Slovakia in Light of the Global Economic Recession," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 65(1), pages 55-83, January.
- Paolo Surico, 2002.
"Inflation Targeting and Nonlinear Policy Rules: the Case of Asymmetric Preferences,"
Macroeconomics
0210002, University Library of Munich, Germany, revised 23 Feb 2004.
- Paolo Surico, 2004. "Inflation Targeting and Nonlinear Policy Rules: the Case of Asymmetric Preferences," Computing in Economics and Finance 2004 108, Society for Computational Economics.
- Paolo Surico, 2004. "Inflation Targeting and Nonlinear Policy Rules: the Case of Asymmetric Preferences," Econometric Society 2004 Latin American Meetings 8, Econometric Society.
- Lansing, Kevin J. & Trehan, Bharat, 2003.
"Forward-looking behavior and optimal discretionary monetary policy,"
Economics Letters, Elsevier, vol. 81(2), pages 249-256, November.
- Kevin J. Lansing & Bharat Trehan, 2003. "Forward-looking behavior and optimal discretionary monetary policy," Working Paper Series 2001-03, Federal Reserve Bank of San Francisco.
- A. Hakan Kara, 2007.
"Monetary Policy under Imperfect Commitment: Reconciling Theory with Evidence,"
International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 149-178, March.
- Hakan Kara, 2004. "Monetary Policy under Imperfect Commitment : Reconciling Theory with Evidence," Working Papers 0415, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Wieland, Volker & Wolters, Maik, 2013.
"Forecasting and Policy Making,"
Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 239-325,
Elsevier.
- Wieland, Volker & Wolters, Maik Hendrik, 2012. "Forecasting and policy making," IMFS Working Paper Series 62, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Michael D. Bordo & Pierre L. Siklos, 2015. "Central Bank Credibility: An Historical and Quantitative Exploration," NBER Working Papers 20824, National Bureau of Economic Research, Inc.
- Bayoumi, Tamim & Sgherri, Silvia, 2004.
"Deconstructing the Art of Central Banking,"
CEPR Discussion Papers
4675, C.E.P.R. Discussion Papers.
- Mr. Tamim Bayoumi & Ms. Silvia Sgherri, 2004. "Deconstructing the Art of Central Banking," IMF Working Papers 2004/195, International Monetary Fund.
- Cinzia Alcidi , Alessandro Flamini, Andrea Fracasso, 2005. ""Taylored rules". Does one fit (or hide) all?," IHEID Working Papers 04-2005, Economics Section, The Graduate Institute of International Studies, revised Apr 2006.
- Esteban Pérez Caldentey & MatÃas Vernengo, 2013.
"Is inflation targeting operative in an open economy setting?,"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(3), pages 347-369, January.
- Esteban Pérez Caldentey & Matías Vernengo, 2013. "Is Inflation Targeting Operative in an Open Economy Setting?," Working Papers wp324, Political Economy Research Institute, University of Massachusetts at Amherst.
- Marcelo Sanchez, 2008. "The link between interest rates and exchange rates: do contractionary depreciations make a difference?," International Economic Journal, Taylor & Francis Journals, vol. 22(1), pages 43-61.
- Samuel Addo, 2018. "Policy regime changes and central bank prefernces," Working Papers 752, Economic Research Southern Africa.
- Bayar, Omer, 2018. "Weak instruments and estimated monetary policy rules," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 308-317.
- Jung, Alexander & Latsos, Sophia, 2015.
"Do federal reserve bank presidents have a regional bias?,"
European Journal of Political Economy, Elsevier, vol. 40(PA), pages 173-183.
- Jung, Alexander & Latsos, Sophia, 2014. "Do federal reserve bank presidents have a regional bias?," Working Paper Series 1731, European Central Bank.
- George Monokroussos, 2011.
"Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 519-534, March.
- George Monokroussos, 2011. "Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(2‐3), pages 519-534, March.
- George Monokroussos, 2005. "Dynamic Limited Dependent Variable Modeling and US Monetary Policy," Computing in Economics and Finance 2005 460, Society for Computational Economics.
- George Monokroussos, 2006. "Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy," Discussion Papers 06-02, University at Albany, SUNY, Department of Economics.
- Liu, Philip, 2010. "Stabilization bias for a small open economy: The case of New Zealand," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 921-935, September.
- Adolfson, Malin, 2001.
"Monetary Policy with Incomplete Exchange Rate Pass-Through,"
SSE/EFI Working Paper Series in Economics and Finance
476, Stockholm School of Economics.
- Adolfson, Malin, 2001. "Monetary Policy with Incomplete Exchange Rate Pass-Through," Working Paper Series 127, Sveriges Riksbank (Central Bank of Sweden).
- Seedwell Hove & Albert Touna Mama & Fulbert Tchana Tchana, 2016.
"Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies,"
South African Journal of Economics, Economic Society of South Africa, vol. 84(1), pages 81-108, March.
- Albert Touna-Mama & Fulbert Tchana Tchana & Seedwell Hove, 2012. "Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies," Working Papers 273, Economic Research Southern Africa.
- Sharon Kozicki & Peter A. Tinsley, 2002. "Term premia : endogenous constraints on monetary policy," Research Working Paper RWP 02-07, Federal Reserve Bank of Kansas City.
- Imen Mohamed Sghaier & Zouheir Abida, 2013. "Monetary Policy Rules for a Developing Countries: Evidence from Tunisia," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 5(1), pages 035-046, June.
- Lars E. O. Svensson, 2003.
"What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules,"
Journal of Economic Literature, American Economic Association, vol. 41(2), pages 426-477, June.
- Lars E.O. Svensson, 2002. "What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," Working Papers 118, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Lars E. O. Svensson, 2003. "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," NBER Working Papers 9421, National Bureau of Economic Research, Inc.
- Orphanides, Athanasios, 2004.
"Monetary Policy Rules, Macroeconomic Stability, and Inflation: A View from the Trenches,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(2), pages 151-175, April.
- Athanasios Orphanides, 2001. "Monetary policy rules, macroeconomic stability and inflation: a view from the trenches," Finance and Economics Discussion Series 2001-62, Board of Governors of the Federal Reserve System (U.S.).
- Orphanides, Athanasios, 2002. "Monetary policy rules, macroeconomic stability and inflation: a view from the trenches," Working Paper Series 115, European Central Bank.
- Q. Akram, 2010.
"What horizon for targeting inflation?,"
Empirical Economics, Springer, vol. 39(3), pages 675-702, December.
- Q. Farooq Akram., 2008. "What horizon for targeting inflation?," Working Paper 2007/13, Norges Bank.
- Athanasios Orphanides & John C. Williams, 2002.
"Robust Monetary Policy Rules with Unknown Natural Rates,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 63-146.
- Athanasios Orphanides & John C. Williams, 2002. "Robust monetary policy rules with unknown natural rates," Working Paper Series 2003-01, Federal Reserve Bank of San Francisco.
- Athanasios Orphanides & John C. Williams, 2003. "Robust monetary policy rules with unknown natural rates," Finance and Economics Discussion Series 2003-11, Board of Governors of the Federal Reserve System (U.S.).
- Favero Carlo A. & Milani Fabio, 2005.
"Parameter Instability, Model Uncertainty and the Choice of Monetary Policy,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-33, February.
- Favero, Carlo A. & Milani, Fabio, 2005. "Parameter Instability, Model Uncertainty and the Choice of Monetary Policy," CEPR Discussion Papers 4909, C.E.P.R. Discussion Papers.
- Ellison, Martin, 2006.
"The learning cost of interest rate reversals,"
Journal of Monetary Economics, Elsevier, vol. 53(8), pages 1895-1907, November.
- Ellison, Martin, 2003. "The Learning Cost of Interest Rate Reversals," CEPR Discussion Papers 4135, C.E.P.R. Discussion Papers.
- Luboš Komárek & Filip Rozsypal, 2009. "Vymezení a vyhodnocení agresivity centrálních bank [Definition and Evaluation of the Central Bank agresivity]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(3), pages 383-404.
- Frederick H. Wallace & Gary L. Shelley & Luis F. Cabrera Castellanos, 2004.
"Pruebas de la neutralidad monetaria a largo plazo: el caso de Nicaragua,"
Monetaria, CEMLA, vol. 0(4), pages 407-418, octubre-d.
- Wallace, Frederick H. & Shelley, Gary L. & Cabrera Castellanos, Luis Fernando, 2004. "Pruebas de la neutralidad monetaria a largo plazo. El caso de Nicaragua," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(283), pages 613-624, julio-sep.
- Lars E.O. Svensson & Robert J. Tetlow, 2005.
"Optimal Policy Projections,"
International Journal of Central Banking, International Journal of Central Banking, vol. 1(3), December.
- Svensson, Lars O & Tetlow, Robert J, 2005. "Optimal Policy Projections," MPRA Paper 839, University Library of Munich, Germany.
- Lars E. O. Svensson & Robert J. Tetlow, 2005. "Optimal policy projections," Finance and Economics Discussion Series 2005-34, Board of Governors of the Federal Reserve System (U.S.).
- Lars O. Svensson & Robert J. Tetlow, 2005. "Optimal Policy Projections," NBER Working Papers 11392, National Bureau of Economic Research, Inc.
- Patra, Michael Debabrata & Khundrakpam, Jeevan Kumar & Gangadaran, Sivaramakrishnan, 2017. "The quest for optimal monetary policy rules in India," Journal of Policy Modeling, Elsevier, vol. 39(2), pages 349-370.
- Swanson, Eric T., 2006.
"Optimal nonlinear policy: signal extraction with a non-normal prior,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 185-203, February.
- Eric T. Swanson, 2005. "Optimal nonlinear policy: signal extraction with a non-normal prior," Working Paper Series 2005-24, Federal Reserve Bank of San Francisco.
- Eric Swanson, 2005. "Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior," Computing in Economics and Finance 2005 147, Society for Computational Economics.
- Rodrigo Caputo, 2004. "Exchange Rates, Inflation and Monetary Policy Objectives in Open Economies: The Experience of Chile," Econometric Society 2004 Latin American Meetings 298, Econometric Society.
- Efrem Castelnuovo, 2006.
"Describing The Fed’S Conduct With Taylor Rules: Is Interest Rate Smoothing Important?,"
The IUP Journal of Monetary Economics, IUP Publications, vol. 0(3), pages 57-77, August.
- Castelnuovo, Efrem, 2003. "Describing the Fed's conduct with Taylor rules: is interest rate smoothing important?," Working Paper Series 232, European Central Bank.
- Kobayashi Teruyoshi, 2010.
"Policy Irreversibility and Interest Rate Smoothing,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-29, October.
- Kobayashi, Teruyoshi, 2010. "Policy irreversibility and interest rate smoothing," MPRA Paper 19931, University Library of Munich, Germany.
- Patrick Minford & Zhirong Ou & Michael Wickens, 2015.
"Revisiting the Great Moderation: Policy or Luck?,"
Open Economies Review, Springer, vol. 26(2), pages 197-223, April.
- Minford, Patrick & Ou, Zhirong & Wickens, Michael, 2012. "Revisiting the Great Moderation: policy or luck?," Cardiff Economics Working Papers E2012/9, Cardiff University, Cardiff Business School, Economics Section, revised Apr 2014.
- Kozicki, Sharon & Tinsley, P.A., 2005.
"Permanent and transitory policy shocks in an empirical macro model with asymmetric information,"
Journal of Economic Dynamics and Control, Elsevier, vol. 29(11), pages 1985-2015, November.
- Sharon Kozicki & Peter A. Tinsley, 2004. "Permanent and transitory policy shocks in an empirical macro model with asymmetric information," Proceedings, Federal Reserve Bank of San Francisco, issue Mar.
- Kozicki, Sharon & Tinsley, P. A., 2003. "Permanent and transitory policy shocks in an empirical macro model with asymmetric information," CFS Working Paper Series 2003/41, Center for Financial Studies (CFS).
- P.A. Tinsley & Sharon Kozicki, 2004. "Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information," Computing in Economics and Finance 2004 146, Society for Computational Economics.
- Sharon Kozicki & Peter A. Tinsley, 2003. "Permanent and transitory policy shocks in an empirical macro model with asymmetric information," Research Working Paper RWP 03-09, Federal Reserve Bank of Kansas City.
- Jose Sanchez-fung, 2005.
"Estimating a monetary policy reaction function for the dominican republic,"
International Economic Journal, Taylor & Francis Journals, vol. 19(4), pages 563-577.
- José R. Sánchez-Fung, 2002. "Estimating a Monetary Policy Reaction Function for the Dominican Republic," Studies in Economics 0201, School of Economics, University of Kent.
- Mala Raghavan & Mardi Dungey, 2015.
"Should ASEAN-5 monetary policy-makers act pre-emptively against stock market bubbles?,"
Applied Economics, Taylor & Francis Journals, vol. 47(11), pages 1086-1105, March.
- Raghavan, Mala & Dungey, Mardi, 2014. "Should ASEAN-5 Monetary Policymakers Act Pre-emptively Against Stock Market Bubbles?," Working Papers 2014-04, University of Tasmania, Tasmanian School of Business and Economics, revised 2014.
- Pierre L. Siklos, 2004. "Central Bank Behavior, the Institutional Framework, and Policy Regimes: Inflation Versus Noninflation Targeting Countries," Contemporary Economic Policy, Western Economic Association International, vol. 22(3), pages 331-343, July.
- Fabio Milani, 2008.
"Monetary Policy With A Wider Information Set: A Bayesian Model Averaging Approach,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(1), pages 1-30, February.
- Fabio Milani, 2004. "Monetary Policy with a Wider Information Set: a Bayesian Model Averaging Approach," Macroeconomics 0401004, University Library of Munich, Germany.
- repec:dgr:rugsom:14020-eef is not listed on IDEAS
- Sheen, Jeffrey & Wang, Ben Zhe, 2016. "Assessing labor market frictions in a small open economy," Journal of Macroeconomics, Elsevier, vol. 48(C), pages 231-251.
- Eric T. Swanson & John C. Williams, 2014.
"Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates,"
American Economic Review, American Economic Association, vol. 104(10), pages 3154-3185, October.
- John Williams & Eric Swanson, 2012. "Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates," 2012 Meeting Papers 462, Society for Economic Dynamics.
- Eric T. Swanson & John C. Williams, 2012. "Measuring the effect of the zero lower bound on medium- and longer-term interest rates," Working Paper Series 2012-02, Federal Reserve Bank of San Francisco.
- Eric T. Swanson & John C. Williams, 2014. "Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates," NBER Working Papers 20486, National Bureau of Economic Research, Inc.
- Orphanides, Athanasios, 2003.
"Historical monetary policy analysis and the Taylor rule,"
Journal of Monetary Economics, Elsevier, vol. 50(5), pages 983-1022, July.
- Athanasios Orphanides, 2003. "Historical monetary policy analysis and the Taylor rule," Finance and Economics Discussion Series 2003-36, Board of Governors of the Federal Reserve System (U.S.).
- Mauricio Calani & Kevin Cowan & Pablo García S., 2011.
"Inflation Targeting in Financially Stable Economies: Has it Been Flexible Enough?,"
Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 1, pages 283-368,
Central Bank of Chile.
- Mauricio Calani C. & Kevin Cowan L. & Pablo García S., 2010. "Inflation Targeting in Financially Stable Economies: Has it been Flexible Enough?," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 13(2), pages 11-50, August.
- Mauricio Calani & Kevin Cowan & Pablo García S., 2010. "Inflation Targeting in Financially Stable Economies: Has it been Flexible Enough?," Working Papers Central Bank of Chile 587, Central Bank of Chile.
- Eric T. Swanson & John C. Williams, 2013.
"Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany,"
NBER Chapters, in: NBER International Seminar on Macroeconomics 2013, pages 2-21,
National Bureau of Economic Research, Inc.
- Eric T. Swanson & John C. Williams, 2013. "Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany," Working Paper Series 2013-21, Federal Reserve Bank of San Francisco.
- Silvia Sgherri, 2008.
"Explicit and implicit targets in open economies,"
Applied Economics, Taylor & Francis Journals, vol. 40(8), pages 969-980.
- Ms. Silvia Sgherri, 2005. "Explicit and Implicit Targets in Open Economies," IMF Working Papers 2005/176, International Monetary Fund.
- Shin-Ichi Fukuda, 2012.
"Infrequent Changes Of The Policy Target: Robust Optimal Monetary Policy Under Ambiguity,"
Global Journal of Economics (GJE), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 1-27.
- Shin-ichi Fukuda, 2012. "Infrequent Changes of the Policy Target: Robust Optimal Monetary Policy under Ambiguity," CARF F-Series CARF-F-295, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Shin-ichi Fukuda, 2012. "Infrequent Changes of the Policy Target: Robust Optimal Monetary Policy under Ambiguity," CIRJE F-Series CIRJE-F-863, CIRJE, Faculty of Economics, University of Tokyo.
- Mary C. Daly, 2023.
"What the Moment Demands,"
FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(30), pages 1-6, November.
- Mary C. Daly, 2023. "What the Moment Demands," Speech 97336, Federal Reserve Bank of San Francisco.
- Coenen, Gunter & Wieland, Volker, 2005.
"A small estimated euro area model with rational expectations and nominal rigidities,"
European Economic Review, Elsevier, vol. 49(5), pages 1081-1104, July.
- Wieland, Volker & Coenen, Günter, 2000. "A small estimated euro area model with rational expectations and nominal rigidities," Working Paper Series 30, European Central Bank.
- Gunter Coenen & Volker Wieland, 2000. "A Small Estimated Euro-Area Model with Rational Expectations and Nominal Rigidities," Econometric Society World Congress 2000 Contributed Papers 1284, Econometric Society.
- Coenen, Günter & Wieland, Volker, 2002. "A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities," CEPR Discussion Papers 3574, C.E.P.R. Discussion Papers.
- Coenen, Guenter & Wieland, Volker, 2003. "A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities," CFS Working Paper Series 2003/08, Center for Financial Studies (CFS).
- Minford, Patrick & Ou, Zhirong, 2013.
"Taylor Rule or optimal timeless policy? Reconsidering the Fed's behavior since 1982,"
Economic Modelling, Elsevier, vol. 32(C), pages 113-123.
- Minford, Patrick & Ou, Zhirong, 2009. "Taylor Rule or Optimal Timeless Policy? Reconsidering the Fed's behaviour since 1982," Cardiff Economics Working Papers E2009/19, Cardiff University, Cardiff Business School, Economics Section, revised May 2010.
- Henriksen, Espen & Kydland, Finn E. & Šustek, Roman, 2013.
"Globally correlated nominal fluctuations,"
Journal of Monetary Economics, Elsevier, vol. 60(6), pages 613-631.
- Espen Henriksen & Finn E. Kydland & Roman Sustek, 2009. "Globally Correlated Nominal Fluctuations," NBER Working Papers 15123, National Bureau of Economic Research, Inc.
- Flamini, Alessandro & Fracasso, Andrea, 2011.
"Household's preferences and monetary policy inertia,"
Economics Letters, Elsevier, vol. 111(1), pages 64-67, April.
- Alessandro Flamini & Andrea Fracasso, 2009. "Household’s Preferences and Monetary Policy Inertia," Working Papers 2009002, The University of Sheffield, Department of Economics, revised Feb 2009.
- Hannes Draack, 2018. "Monetary Policy with Imperfect Signals: The Target Problem in a New Monetarist Approach," ECON - Working Papers 296, Department of Economics - University of Zurich.
- Jinho Bae & Chang-Jin Kim & Dong Kim, 2012.
"The evolution of the monetary policy regimes in the U.S,"
Empirical Economics, Springer, vol. 43(2), pages 617-649, October.
- Jinho Bae & Chang-Jin Kim & Dong Heon Kim, 2011. "The Evolution of the Monetary Policy Regimes in the U.S," Discussion Paper Series 1102, Institute of Economic Research, Korea University.
- Stefano d'Addona & Ilaria Musumeci, 2013.
"The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules,"
Applied Financial Economics, Taylor & Francis Journals, vol. 23(23), pages 1783-1795, December.
- Stefano D'Addona & Ilaria Musumeci, 2011. "The British Opt-Out From The European Monetary Union: Empirical Evidence From Monetary Policy Rules," Working Papers 0611, CREI Università degli Studi Roma Tre, revised 2011.
- Stefano d'Addona & Ilaria Musumeci, 2012. "The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules," CEIS Research Paper 225, Tor Vergata University, CEIS, revised 26 Mar 2012.
- Taisuke Nakata & Sebastian Schmidt, 2019.
"Gradualism and Liquidity Traps,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 182-199, January.
- Taisuke Nakata & Sebastian Schmidt, 2018. "Online Appendix to "Gradualism and Liquidity Traps"," Online Appendices 17-251, Review of Economic Dynamics.
- Samuel Howorth & Domenico Lombardi & Pierre L. Siklos, 2019. "Together or Apart? Monetary Policy Divergences in the G4," Open Economies Review, Springer, vol. 30(2), pages 191-217, April.
- T.C.Y. Kam & G.C. Lim, 2001. "Interest Rate Smoothing and Inflation-Output Variabilityin a Small Open Economy," Department of Economics - Working Papers Series 817, The University of Melbourne.
- Siegler, Mark V. & Van Gaasbeck, Kristin A., 2005. "From the Great Depression to the Great Inflation: Path dependence and monetary policy," Journal of Economics and Business, Elsevier, vol. 57(5), pages 375-387.
- Castelnuovo, Efrem, 2003.
"Taylor rules, omitted variables, and interest rate smoothing in the US,"
Economics Letters, Elsevier, vol. 81(1), pages 55-59, October.
- Efrem Castelnuovo, 2004. "Taylor rules, omitted variables, and interest rate smoothing in the US," Macroeconomics 0403009, University Library of Munich, Germany.
- Kohei Hasui & Teruyoshi Kobayashi & Tomohiro Sugo, 2019. "Irreversible monetary policy at the zero lower bound," Discussion Papers 1906, Graduate School of Economics, Kobe University.
- Yeldan A. Erinc & Kolsuz Gunes & Unuvar Burcu, 2014. "What to Smooth: Rate of Interest or the Foreign Exchange? Turkish Monetary Policy under Turbulent Times," Review of Middle East Economics and Finance, De Gruyter, vol. 10(3), pages 247-261, December.
- Robert J. Tetlow, 2015.
"Real-Time Model Uncertainty in the United States: "Robust" Policies Put to the Test,"
International Journal of Central Banking, International Journal of Central Banking, vol. 11(2), pages 113-155, March.
- Robert J. Tetlow, 2010. "Real-time model uncertainty in the United States: 'Robust' policies put to the test," Finance and Economics Discussion Series 2010-15, Board of Governors of the Federal Reserve System (U.S.).
- Smith, R. Todd & van Egteren, Henry, 2005. "Interest rate smoothing and financial stability," Review of Financial Economics, Elsevier, vol. 14(2), pages 147-171.
- Q. Farooq Akram & Ragnar Nymoen, 2009.
"Model Selection for Monetary Policy Analysis: How Important is Empirical Validity?,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 35-68, February.
- Akram, Q. Farooq & Nymoen, Ragnar, 2007. "Model selection for monetary policy analysis How important is empirical validity?," Memorandum 14/2007, Oslo University, Department of Economics.
- Di Bartolomeo, Giovanni & Giuli, Francesco, 2011.
"Fiscal and monetary interaction under monetary policy uncertainty,"
European Journal of Political Economy, Elsevier, vol. 27(2), pages 369-375, June.
- Di Bartolomeo Giovanni & Giuli Francesco, 2009. "Fiscal and monetary interaction under monetary policy uncertainty," wp.comunite 0061, Department of Communication, University of Teramo.
- Jérôme Héricourt, 2004.
"And if one size fit all after all? A counterfactual examination of the ECB monetary policy under Duisenberg presidency,"
Cahiers de la Maison des Sciences Economiques
bla04004a, Université Panthéon-Sorbonne (Paris 1), revised Nov 2005.
- Jérôme Hericourt, 2005. "And if One Size Fit All after All? A Counterfactual Examination of the ECB Monetary Policy under Duisenberg Presidency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03280963, HAL.
- Jérôme Hericourt, 2005. "And if One Size Fit All after All? A Counterfactual Examination of the ECB Monetary Policy under Duisenberg Presidency," Post-Print halshs-03280963, HAL.
- Carboni, Giacomo & Ellison, Martin, 2009. "The Great Inflation and the Greenbook," Journal of Monetary Economics, Elsevier, vol. 56(6), pages 831-841, September.
- Luisa Corrado & Sean Holly, 2004.
"Habit Formation and Interest Rate Smoothing,"
CDMA Conference Paper Series
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