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Estimating Monetary Policy Reaction Functions Using Quantile Regressions
16 references·4 citing·33 second hop
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
  • 1998Monetary policy rules in practice2,206 cited
  • 2001Monetary Policy Rules Based on Real-Time Data1,357 cited
  • 2002The Unreliability of Output-Gap Estimates in Real Time944 cited
  • 2002Term structure evidence on interest rate smoothing and monetary policy inertia772 cited
  • 1997Monetary Policy Rules in Practice: Some International Evidence614 cited
  • 2007Housing and Monetary Policy595 cited
  • 2006Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates356 cited
  • 2004Monetary Policy Rules, Macroeconomic Stability, and Inflation: A View from the Trenches327 cited
  • 2003Are monetary-policy reaction functions asymmetric?: The role of nonlinearity in the Phillips curve294 cited
  • 2006The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences225 cited
  • 2003Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules207 cited
  • 2000Efficient Monetary Policy Design near Price Stability197 cited
  • 2008Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States

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175 cited
  • 2006Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates138 cited
  • Cited by

    • 2015The behaviour of the bank lending channel when interest rates approach the zero lower bound: Evidence from quantile regressions29 cited
    • 2013Asymmetric monetary policy towards the stock market: A DSGE approach19 cited
    • 2016Open Market Operation Effectiveness in China17 cited
    • 2012Is monetary policy non‐linear in Indonesia, Korea, Malaysia, and Thailand? A quantile regression analysis17 cited