The Resource The greenbook and U.S. monetary policy, prepared by Robert Tchaidze

The greenbook and U.S. monetary policy, prepared by Robert Tchaidze

Label
The greenbook and U.S. monetary policy
Title
The greenbook and U.S. monetary policy
Statement of responsibility
prepared by Robert Tchaidze
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
Although very attractive both theoretically and empirically, Taylor rules imply mechanical responses by the policy variable (interest rate) to fundamental ones (inflation and output gap). This study looks for empirical evidence of a more sophisticated monetary policy, one which takes into account expected future developments. An important piece of information added is the "Greenbook" forecast series, calculated by the Federal Reserve staff and which allow evaluation of expected inflation shocks. These shocks are significant in the estimated Taylor rule, confirming that policymaking is forward looking. This paper also demonstrates that a simple Taylor rule may be a misspecification if policymakers have in mind a timevarying inflation target
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
339.0973
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/213
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP/04/213
Label
The greenbook and U.S. monetary policy, prepared by Robert Tchaidze
Publication
Note
  • "November 2004."
  • At head of title: Fiscal Affairs Department
Antecedent source
file reproduced from original
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
ocn647135190
Dimensions
unknown
Extent
1 online resource (22 pages)
File format
one file format
Form of item
online
Isbn
9781451919561
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37161982
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647135190
  • imf1283516349
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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