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(Taylor) Rules versus Discretion in U.S. Monetary Policy
16 references·2 citing·43 second hop
(Taylor) Rules versus Discretion in U.S. Monetary Policy (2013)(Taylor) Rules versus Discretion in U.S. …Rules Rather Than Discretion: The Inconsistency of Optimal plans (2013)Rules Rather Than Discretion:…Monetary Policy Rules Work and Discretion Doesn’t: A Tale of Two Eras (2012)Monetary Policy Rules Work an…Sources of macroeconomic fluctuations: A regime-switching DSGE approach (2011)Sources of macroeconomic fluc…Housing and Monetary Policy (2007)Housing and Monetary PolicyWere There Regime Switches in U.S. Monetary Policy? (2006)Were There Regime Switches in…Estimating restricted structural change models (2005)Estimating restricted structu…Interest and Prices (2004)Interest and PricesCritical values for multiple structural change tests (2003)Critical values for multiple …Monetary Policy Rules Based on Real-Time Data (2001)Monetary Policy Rules Based o…A real-time data set for macroeconomists (2001)A real-time data set for macr…Robustness of Simple Monetary Policy Rules under Model Uncertainty (1998)Robustness of Simple Monetary…An Historical Analysis of Monetary Policy Rules (1998)An Historical Analysis of Mon…Discretion versus policy rules in practice (1993)Discretion versus policy rule…A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)A New Approach to the Economi…Unemployment and Potential Output in the 1980s (1984)Unemployment and Potential Ou…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…TAYLOR RULE AND DISCRETIONARY REGIMES IN THE UNITED STATES: EVIDENCE FROM Ak-STATE MARKOV REGIME-SWITCHING MODEL (2016)TAYLOR RULE AND DISCRETIONARY…The Taylor Principles (2015)The Taylor PrinciplesAutoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Trends and random walks in macroeconmic time series (1982)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)Comparing Predictive Accuracy (1994)Do Measures of Monetary Policy in a VAR Make Sense (1998)Macroeconomic Forecasting With Mixed-Frequency Data (2008)Real-Time Density Forecasts From Bayesian Vector Autoregressions With Stochastic Volatility (2010)Communicating uncertainty about facts, numbers and science (2019)Macroeconomic Policy in a World Economy: From Econometric Design to Practical Operation (1994)Understanding Recent Trends in House Prices and Home Ownership (2007)What moves housing markets: A variance decomposition of the rent–price ratio (2009)Betting the house (2014)Rules, discretion and reputation in a model of monetary policy (1983)The Science of Monetary Policy: A New Keynesian Perspective (1999)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Tests for Parameter Instability and Structural Change With Unknown Change Point (1993)Modelling structural breaks, long memory and stock market volatility: an overview (2004)Dealing with Structural Breaks (2005)Inequality and Unsustainable Growth: Two Sides of the Same Coin? (2017)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Aggregate Dynamics and Staggered Contracts (1980)Optimal monetary policy with staggered wage and price contracts (2000)Drifts and volatilities: monetary policies and outcomes in the post WWII US (2005)A model of unconventional monetary policy (2010)Inflation forecast targeting: Implementing and monitoring inflation targets (1997)Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach (2005)Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence (2008)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference (2009)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2010)Macroeconomic Shocks and Their Propagation (2016)The Perils of Taylor Rules (2001)The quest for prosperity without inflation (2003)Risk Premiums in Dynamic Term Structure Models with Unspanned Macro Risks (2013)
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References

  • 1989A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle9,681 cited
  • 1993Discretion versus policy rules in practice9,059 cited
  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 2004Interest and Prices2,583 cited
  • 2006Were There Regime Switches in U.S. Monetary Policy?1,607 cited
  • 2001Monetary Policy Rules Based on Real-Time Data1,357 cited
  • 2003Critical values for multiple structural change tests860 cited
  • 2001A real-time data set for macroeconomists787 cited
  • 1998An Historical Analysis of Monetary Policy Rules665 cited
  • 2007Housing and Monetary Policy595 cited
  • 2013Rules Rather Than Discretion: The Inconsistency of Optimal plans395 cited
  • 1998Robustness of Simple Monetary Policy Rules under Model Uncertainty321 cited
  • 2011Sources of macroeconomic fluctuations: A regime-switching DSGE approach217 cited
  • 1984Unemployment and Potential Output in the 1980s160 cited
  • 2012Monetary Policy Rules Work and Discretion Doesn’t: A Tale of Two Eras158 cited
  • 2005Estimating restricted structural change models

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141 cited

Cited by

  • 2015The Taylor Principles18 cited
  • 2016TAYLOR RULE AND DISCRETIONARY REGIMES IN THE UNITED STATES: EVIDENCE FROM Ak-STATE MARKOV REGIME-SWITCHING MODEL11 cited