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Monetary policy inertia: More a fiction than a fact?
9 references·11 citing·36 second hop
Monetary policy inertia: More a fiction than a fact? (2009)Monetary policy inertia: More a fiction t…TAYLOR RULES AND INTEREST RATE SMOOTHING IN THE EURO AREA* (2007)TAYLOR RULES AND INTEREST RAT…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…Estimating the Elasticity of Intertemporal Substitution When Instruments Are Weak (2004)Estimating the Elasticity of …Adaptive Learning and Monetary Policy Design (2003)Adaptive Learning and Monetar…Term structure evidence on interest rate smoothing and monetary policy inertia (2002)Term structure evidence on in…Learning about monetary policy rules (2002)Learning about monetary polic…Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules and Mac…Inflation forecast targeting: Implementing and monitoring inflation targets (1997)Inflation forecast targeting:…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021) (2021)Independence, conservatism, a…Financial stability and the Fed : Evidence from congressional hearings (2021)Financial stability and the F…The “Hierarchy of Institutions” reconsidered: Monetary policy and its effect on the rule of law in interwar Poland (2018)The “Hierarchy of Institution…Forecast uncertainty and the Taylor rule (2017)Forecast uncertainty and the …Doves, hawks and pigeons: Behavioral monetary policy and interest rate inertia (2016)Doves, hawks and pigeons: Beh…Central bank and asymmetric preferences: An application of sieve estimators to the U.S. and Brazil (2015)Central bank and asymmetric p…One for Some or One for All? Taylor Rules and Interregional Heterogeneity (2012)One for Some or One for All? …Why Are Target Interest Rate Changes So Persistent? (2011)Why Are Target Interest Rate …Testing for Weak Identification in Possibly Nonlinear Models (2011)Testing for Weak Identificati…Testing for weak identification in possibly nonlinear models (2011)Testing for weak identificati…Monetary Policy Reaction Functions in the OECD (2010)Monetary Policy Reaction Func…The Science of Monetary Policy: A New Keynesian Perspective (1999)What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)A Macro‐Finance Model of the Term Structure, Monetary Policy and the Economy (2008)Capital regulation and monetary policy with fragile banks (2013)The equity premium: A puzzle (1985)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Blunt Instruments: Avoiding Common Pitfalls in Identifying the Causes of Economic Growth (2013)MEASURING INTERTEMPORAL SUBSTITUTION: THE IMPORTANCE OF METHOD CHOICES AND SELECTIVE REPORTING (2015)Demographics and real interest rates: Inspecting the mechanism (2016)Rules, discretion and reputation in a model of monetary policy (1983)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Econometric policy evaluation: A critique (1976)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)The Impact of Uncertainty Shocks (2009)Gradualism and liquidity traps (2018)Monetary policy news in the US: Effects on emerging market capital flows (2020)Central bank mandates: How differences can influence the content and tone of central bank communication (2022)Staggered Prices in a Utility-Maximizing Framework (1996)Inflation dynamics: A structural econometric analysis (1999)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Monetary Policy and Asset Price Volatility (2000)Open-Economy Inflation Targeting (2000)Monetary Policy Rules Based on Real-Time Data (2001)The Taylor Rule and Optimal Monetary Policy (2001)Testing for Indeterminacy: An Application to U.S. Monetary Policy (2004)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Does Uncertainty Make a Time-Varying Natural Rate of Interest Irrelevant for the Conduct of Monetary Policy? (2010)Inference on Structural Breaks using Information Criteria (2013)Uncertainty before and during COVID‐19: A survey (2022)Monetary Policy, Expectations and Commitment* (2006)Monetary policy, learning and the speed of convergence (2006)A New Keynesian model with heterogeneous expectations (2009)
this work references cited by second hop

References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
  • 1997Inflation forecast targeting: Implementing and monitoring inflation targets1,666 cited
  • 2002Learning about monetary policy rules932 cited
  • 2002Term structure evidence on interest rate smoothing and monetary policy inertia772 cited
  • 2004Estimating the Elasticity of Intertemporal Substitution When Instruments Are Weak413 cited
  • 2003Adaptive Learning and Monetary Policy Design216 cited
  • 2007TAYLOR RULES AND INTEREST RATE SMOOTHING IN THE EURO AREA*59 cited

Cited by

  • 2011Why Are Target Interest Rate Changes So Persistent?32 cited
  • 2011Testing for weak identification in possibly nonlinear models29 cited
  • 2016Doves, hawks and pigeons: Behavioral monetary policy and interest rate inertia25 cited
  • 2012One for Some or One for All? Taylor Rules and Interregional Heterogeneity23 cited
  • 2011Testing for Weak Identification in Possibly Nonlinear Models23 cited
  • 2017Forecast uncertainty and the Taylor rule

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22 cited
  • 2021Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)19 cited
  • 2018The “Hierarchy of Institutions” reconsidered: Monetary policy and its effect on the rule of law in interwar Poland15 cited
  • 2021Financial stability and the Fed : Evidence from congressional hearings15 cited
  • 2015Central bank and asymmetric preferences: An application of sieve estimators to the U.S. and Brazil13 cited
  • 2010Monetary Policy Reaction Functions in the OECD13 cited