The Resource Monetary policy rules and the U.S. business cycle : evidence and implications, prepared by Pau Rabanal

Monetary policy rules and the U.S. business cycle : evidence and implications, prepared by Pau Rabanal

Label
Monetary policy rules and the U.S. business cycle : evidence and implications
Title
Monetary policy rules and the U.S. business cycle
Title remainder
evidence and implications
Statement of responsibility
prepared by Pau Rabanal
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper estimates Taylor-type interest rates for the United States allowing for both time and state dependence. It provides evidence that the coefficients of the Taylor rule change significantly over time, and that the behavior of the Federal Reserve over the cycle can be explained using a two-state switching regime model. During expansions, the Federal Reserve follows a rule that can be characterized as inflation targeting with a high degree of interest rate smoothing. During recessions, the Federal Reserve targets output growth and conducts policy in a more active manner. The implications of conducting this type of policy are analyzed in a small scale new Keynesian model
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.4973
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/164
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/164
Label
Monetary policy rules and the U.S. business cycle : evidence and implications, prepared by Pau Rabanal
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647220097
Dimensions
unknown
Extent
1 online resource (26 pages)
File format
one file format
Form of item
online
Isbn
9781451903225
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37163164
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647220097
  • imf1451903227
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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