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Dissecting Taylor rules in a structural VAR /
This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over time t...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2010.
|
| Colección: | IMF working paper ;
WP/10/20. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Choi, Woon Gyu, |d 1960- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjyr7byk34MdQYXWjhMxCP | |
| 245 | 1 | 0 | |a Dissecting Taylor rules in a structural VAR / |c prepared by Woon Gyu Choi and Yi Wen. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2010. | ||
| 300 | |a 1 online resource (26 pages) : |b illustrations (some color) | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/10/20 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed February 3, 2010). | ||
| 500 | |a At head of title: IMF Institute. | ||
| 504 | |a Includes bibliographical references (pages 24-26). | ||
| 520 | 3 | |a This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over time to demand shocks than to supply shocks, and more aggressive toward inflation than output growth. Our estimated dynamic policy coefficients characterize the style of policy as a "bang-bang" control for the pre-1979 period and as a gradual control for the post-1979 period | |
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2011. |5 MiAaHDL | ||
| 538 | |a 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. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2011 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 546 | |a English. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Autoregression (Statistics) | |
| 650 | 0 | |a Monetary policy |z United States |x Econometric models. | |
| 650 | 6 | |a Autorégression (Statistique) | |
| 650 | 6 | |a Politique monétaire |z États-Unis |x Modèles économétriques. | |
| 650 | 7 | |a Autoregression (Statistics) |2 fast | |
| 650 | 7 | |a Monetary policy |x Econometric models |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Wen, Yi, |e author. | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. | |
| 710 | 2 | |a IMF Institute, |e issuing body. | |
| 758 | |i has work: |a Dissecting Taylor rules in a structural VAR (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGBrC7c4fPygH7vWBFfC33 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Online version: |a Choi, Woon Gyu, 1960- |t Dissecting Taylor rules in a structural VAR. |d [Washington, D.C.] : International Monetary Fund, ©2010 |w (OCoLC)762683072 |
| 830 | 0 | |a IMF working paper ; |v WP/10/20. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1606080 |z Texto completo |
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