The classical Taylor rules usually do not yield the same estimation error when working in a monthly or a quarterly framework. This brings us to the conclusion that there must be something that monthly Taylor rules can capture and that the quarterly one cannot: we postulate that it simply boils down to the fact that the target rate's changes are irregularly spaced in time. So as to tackle this issue, we propose to split the target rate chronicle between changes in the target and the associated durations, that is the time spending between two changes in the target rate. In this framework, we propose to consider that changes in rate can be regarded as a real monetary policy decision, whereas the duration period between two changes can be relat...
We estimate forward-looking interest rate rules for five large Organization for Economic Cooperation...
Monetary policies of the ECB and US Fed can be characterised by ?Taylor rules?, that is both central...
Estimates of Taylor rule equations for Federal Reserve policy over periods before the Greenspan peri...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
International audienceThis paper intends to show that the variations in the target rate level and th...
We present the first assessment of U.S. monetary policy across time and frequencies within the Taylo...
I decompose deviations of the Federal funds rate from a Taylor type monetary policy rule into exogen...
The monetary economics literature has highlighted four issues that are important in evaluating US mo...
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Austr...
In this paper, we ask whether our empirical and theoretical knowledge about the effect of monetary p...
The Federal Reserve system (the Fed) is the United States monetary policy authority and is mandated ...
Almost all economists know the story about the (drunk) person searching for his lost wallet in the n...
We calibrate a standard New Keynesian model with three alternative representations of monetary polic...
We estimate forward-looking interest rate rules for five large Organization for Economic Cooperation...
Monetary policies of the ECB and US Fed can be characterised by ?Taylor rules?, that is both central...
Estimates of Taylor rule equations for Federal Reserve policy over periods before the Greenspan peri...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
The classical Taylor rules usually do not yield the same estimation error when working in a monthly ...
International audienceThis paper intends to show that the variations in the target rate level and th...
We present the first assessment of U.S. monetary policy across time and frequencies within the Taylo...
I decompose deviations of the Federal funds rate from a Taylor type monetary policy rule into exogen...
The monetary economics literature has highlighted four issues that are important in evaluating US mo...
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Austr...
In this paper, we ask whether our empirical and theoretical knowledge about the effect of monetary p...
The Federal Reserve system (the Fed) is the United States monetary policy authority and is mandated ...
Almost all economists know the story about the (drunk) person searching for his lost wallet in the n...
We calibrate a standard New Keynesian model with three alternative representations of monetary polic...
We estimate forward-looking interest rate rules for five large Organization for Economic Cooperation...
Monetary policies of the ECB and US Fed can be characterised by ?Taylor rules?, that is both central...
Estimates of Taylor rule equations for Federal Reserve policy over periods before the Greenspan peri...