Multiple regimes in U.S. monetary policy? A nonparametric approach.

Journal of Money, Credit & Banking;  August 1, 2006 ;   Duffy, John Engle-Warnick, Jim;   787 words ......the modeling of monetary policy. (2) Specifically we use versions of Taylor's rule (Taylor...as our model of monetary policy. While Taylor's rule was originally...to characterize monetary policy prior to 1987; Taylor goes the furthest...

Does monetary policy have asymmetric effects on stock returns?(Author...

Journal of Money, Credit & Banking;  March 1, 2007 ;   Chen, Shiu-Sheng;   787 words ......and financial economists of whether monetary policy affects stock returns. A number of...empirically investigated the effects of monetary policy on stock returns. Using money aggregate...stock returns lag behind changes in monetary policy; for instance, see Keran (1971), Homa...

Monetary Policy and the Well-Being of the Poor.

Economic Review (Kansas City);  January 1, 1999 ;   Romer, Christina D. Romer, David H.;   787 words ......central concern. At the same time, monetary policy is one of the modern age's most potent...importance of poverty' and the influence of monetary policy, it is natural to ask if monetary policy can be used as a tool to help the poor...

Monetary policy under a quasi-fixed exchange rate regime. The case of...

Banca Nazionale del Lavoro Quarterly Review;  December 1, 1999 ;   Mojon, Benoit;   787 words ...Monetary policy under a quasi-fixed exchange rate...years, the major objective of French monetary policy has been widely described as decreasing...exchange rate precludes independent monetary policy, but the European Monetary System...

Has U.S. monetary policy changed? Evidence from drifting coefficients and...

Journal of Money, Credit & Banking;  August 1, 2006 ;   Boivin, Jean;   787 words ......modified its conduct of monetary policy. (3) However, despite...empirical research on monetary policy rules, there is surprisingly...the U.S. conduct of monetary policy over the last 40...they find that while monetary policy accommodated inflation...pre-Volcker conduct ...

Can inflation targeting be a framework for monetary policy in developing...

Finance & Development;  March 1, 1998 ;   Masson, Paul R. Savatano, Miguel A. Sharma, Sunil;   787 words ......adoption of inflation targeting as a monetary policy framework has enhanced transparency...adopted a framework for carrying out monetary policy that became known as inflation targeting...had encountered in conducting their monetary policy using an exchange rate peg or some...

The Taylor rule: Is it a useful guide to understanding monetary policy?

Economic Quarterly - Federal Reserve Bank of Richmond;  April 1, 2000 ;   Hetzel, Robert L;   787 words ......nature of the monetary policy pursued by...Reserve System. Taylor has advanced...characterization of monetary policy will possess the flavor of a Taylor rule. For all these reasons, Taylor has stimulated...research on monetary policy. Furthermore...

Has Monetary Policy Been So Bad That It Is Better to Get Rid of It? The...

Journal of Money, Credit & Banking;  May 1, 2001 ;   DEL NEGRO, MARCO OBIOLS-HOMS, FRANCESC;   787 words ......generally hold the view that domestic monetary policy has been the primary cause for...have tried to identify the role of monetary policy. The existing empirical literature on Mexican monetary policy consists mainly of single equation...

Monetary policy and the term structure of interest rates in Japan.

Journal of Money, Credit & Banking;  February 1, 2006 ;   Braun, R. Anton Shioji, Etsuro;   787 words ......between the Japanese yield curve and monetary policy. In the 1980s and 1990s average bond...understanding the contribution of monetary policy to these movements in the yield curve...questions about the effectiveness of monetary policy under a zero nominal interest rate...

Short-run monetary policy and the macroeconomic environment

Contemporary Economic Policy;  October 1, 2001 ;   Pierce, Thomas J; Rebeck, Ken;   787 words ......study investigates factors influencing monetary policy decisions of the Federal Open Market...perspectives regarding the process of monetary policy making exist, with some researchers...considerations significantly influence monetary policy voting. Empirical studies support...

Monetary policy in a Markov-switching vector error-correction model:...

Journal of Business & Economic Statistics;  July 1, 2005 ;   Francis, Neville Owyang, Michael T.;   787 words ......INTRODUCTION Changes in monetary policy can occur in either...autoregression (VAR) in which monetary policy is identified by...implementation of monetary policy and has spawned a...recently, switching monetary policy regimes have garnered...the objectives of ...

Monetary policy rules with model and data uncertainty.

Southern Economic Journal;  October 1, 2002 ;   Ghysels, Eric Swanson, Norman R. Callan, Myles;   787 words ......are considered final. From the perspective of monetary policy rules, which we here use as a vehicle to discuss...typically assumed to be in abstract models of monetary policy. In this paper, we build real-time data sets...rules we consider are commonly referred to as Taylor's rules (see ...

Monetary policy frameworks--Norges Bank in the light of the literature and...

Economic Bulletin;  December 1, 2007 ;   Claussen, Carl Andreas Jonassen, Morten Langbraaten, Nina;   787 words ......years have brought major changes in monetary policy, in Norway and abroad. Most central...stability is the common objective of monetary policy. The organisation of the monetary policy decision within central banks has also...

Independent Review of the Operation of Monetary Policy in New Zealand.

The Reserve Bank of New Zealand;  March 1, 2001 ;     787 words ......Government announced that the New Zealand monetary policy framework would be reviewed. Professor...on www.monpolreview.govt.nz - the monetary policy review website, and on www.rbnz.govt...invited me to review the operation of monetary policy in New Zealand and provided me with...

CHAIRMAN BERNANKE SPEAKS AT FOURTH ECONOMIC SUMMIT, STANFORD INSTITUTE FOR...

US Fed News Service, Including US State News;  March 2, 2007 ;     787 words ......California GLOBALIZATION AND MONETARY POLICY My topic this evening is the...globalization" for short-for U.S. monetary policy. At the broadest level, globalization influences the conduct of monetary policy through its powerful effects...