The Use and Abuse of Taylor Rules : How Precisely Can We Estimate Them? /
This paper draws attention to inconsistencies in estimating simple monetary policy rules and their implications for policy advice. We simulate a macroeconomic model with a backward reaction function similar to Taylor (1993). We estimate different versions of a policy rule, using these simulated data...
| Egile nagusia: | |
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| Beste egile batzuk: | |
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2005/148 |
| Sarrera elektronikoa: | Full text available on IMF |