Monetary policy regime shifts: new evidence from time-varying interest rate rules.
We estimate forward-looking interest rate rules for five large Organization for Economic Cooperation and Development economies, allowing for time variation in the responses to macroeconomic conditions and in the variance of the policy rate. Conventional constant parameter reaction functions likely b...
| Publicado en: | Economic Inquiry Vol. 48; no. 4; pp. 933 - 951 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
October 2010
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| Acceso en línea: | Ver este registro en EBSCOhost |