1998
DOI: 10.3386/w6512
|View full text |Cite
|
Sign up to set email alerts
|

Policy Rules for Inflation Targeting

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
2

Citation Types

36
758
2
19

Year Published

2002
2002
2020
2020

Publication Types

Select...
6

Relationship

0
6

Authors

Journals

citations
Cited by 621 publications
(815 citation statements)
references
References 28 publications
36
758
2
19
Order By: Relevance
“…This empirical model of in ‡ation and output, although parsimonious, embodies the minimal set of variables one may want to include for the analysis of monetary policy (see, for instance, Christiano, Eichenbaum and Evans, 1998), and, as argued in Rudebusch and Svensson (1999), it appears to be broadly in line with the view that policy makers hold about the dynamics of the economy (see the report of the Bank for International Settlements for 11 central bank models, 1995). Moreover, monetary policy a¤ects (through the instrument i t ) aggregate demand with one lag and aggregate supply with two lags, in the spirit of the speci…cations in Ball (1999) and Svensson (1997).…”
Section: The Structure Of the Economymentioning
confidence: 99%
See 4 more Smart Citations
“…This empirical model of in ‡ation and output, although parsimonious, embodies the minimal set of variables one may want to include for the analysis of monetary policy (see, for instance, Christiano, Eichenbaum and Evans, 1998), and, as argued in Rudebusch and Svensson (1999), it appears to be broadly in line with the view that policy makers hold about the dynamics of the economy (see the report of the Bank for International Settlements for 11 central bank models, 1995). Moreover, monetary policy a¤ects (through the instrument i t ) aggregate demand with one lag and aggregate supply with two lags, in the spirit of the speci…cations in Ball (1999) and Svensson (1997).…”
Section: The Structure Of the Economymentioning
confidence: 99%
“…On the other hand, the aggregate demand equation in (2), AD henceforth, explicitly models the monetary transmission mechanism by relating output gap to its lagged values and most importantly to past real interest rate (see Svensson, 1999 and2001). …”
Section: The Structure Of the Economymentioning
confidence: 99%
See 3 more Smart Citations