Add to ORKGThe paper examines if US monetary policy implicitly responds to asset prices. Using real-time data and a GMM framework we estimate a Taylor-type rule with an asset cycle variable, which refers to real estate prices. To analyze the Fed's responses we describe real estate price movements by means of an asset cycle dating procedure. This procedure reveals quasi real-time bull and bear markets. Our analysis yields two main findings. Firstly, the Fed does implicitly respond to real estate prices. Secondly, these responses are pro-cyclical and their intensity changes over time
The Federal Reserve system (the Fed) is the United States monetary policy authority and is mandated ...
We examine empirically whether asset prices and exchange rates may be admitted into a standard inter...
Abrams, BurtonThe link between monetary policy and bubbles in asset prices is investigated in two se...
The paper examines if US monetary policy implicitly responds to asset prices. Using real-time data a...
This paper investigates whether and how the U.S. Federal Reserve has reacted to asset price developm...
This paper analyses the relationship between monetary policy and asset prices using a structural ra...
This paper analyses the relationship between monetary policy and asset prices using a structural rat...
This paper examines the relationship between monetary policy and asset prices in the context of emp...
Determining strategies for taking into account movements in asset prices is a perennially important ...
We investigate the effects of U.S. monetary policy on asset prices using a high-frequency event-stud...
The motivations of this research paper stem from the economic and social implications of the global ...
In this article, we consider two new independent variables as inputs to the Taylor Rule. These are t...
Central banks have won in credibility as from the mid-eighties by keeping inflation under control. H...
Published: 8 March 2017In this paper we use a structural VAR model with time-varying parameters and ...
This dissertation presents three essays to analyze a class of Taylor-based monetary policy rules tha...
The Federal Reserve system (the Fed) is the United States monetary policy authority and is mandated ...
We examine empirically whether asset prices and exchange rates may be admitted into a standard inter...
Abrams, BurtonThe link between monetary policy and bubbles in asset prices is investigated in two se...
The paper examines if US monetary policy implicitly responds to asset prices. Using real-time data a...
This paper investigates whether and how the U.S. Federal Reserve has reacted to asset price developm...
This paper analyses the relationship between monetary policy and asset prices using a structural ra...
This paper analyses the relationship between monetary policy and asset prices using a structural rat...
This paper examines the relationship between monetary policy and asset prices in the context of emp...
Determining strategies for taking into account movements in asset prices is a perennially important ...
We investigate the effects of U.S. monetary policy on asset prices using a high-frequency event-stud...
The motivations of this research paper stem from the economic and social implications of the global ...
In this article, we consider two new independent variables as inputs to the Taylor Rule. These are t...
Central banks have won in credibility as from the mid-eighties by keeping inflation under control. H...
Published: 8 March 2017In this paper we use a structural VAR model with time-varying parameters and ...
This dissertation presents three essays to analyze a class of Taylor-based monetary policy rules tha...
The Federal Reserve system (the Fed) is the United States monetary policy authority and is mandated ...
We examine empirically whether asset prices and exchange rates may be admitted into a standard inter...
Abrams, BurtonThe link between monetary policy and bubbles in asset prices is investigated in two se...