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      EconomicsMonetary EconomicsMonetary PolicyDeveloping Country
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      Monetary PolicyTaylor ruleInflation Targeting
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      EconomicsMonetary PolicyTaylor ruleInflation Targeting
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      Sensitivity AnalysisMonetary PolicyNumerical SimulationImpulse response
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      Monetary PolicyForward looking InformationNew ZealandTaylor rule
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      Maximum LikelihoodTaylor rule
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      Economic TheoryApplied EconomicsPolicy AnalysisPhillips curve
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      Monetary PolicyCentral BankingDSGE ModelTaylor rule
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      EconomicsWage bargainingMonetary PolicySSRN
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      Monetary PolicyTaylor ruleWelfare AnalysisDynamic stochastic general equilibrium model
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      EconomicsWage bargainingMonetary PolicySSRN
This paper studies the performance of monetary policy under alternative fiscal regimes in a dynamic New Keynesian optimizing general equilibrium model with wealth effects. The interactions between fiscal policy and interest rate rules are... more
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      Economic TheoryFiscal policyApplied EconomicsMonetary Policy
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      EconomicsMonetary PolicyDeveloping CountryUnited States
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      Decision MakingOptimization ProblemMonetary PolicyTaylor rule
Based on Plasmans et al. (2006), we develop a microfounded macro New-Keynesian model for open economies, be them large or small, and we investigate the exchange rate pass-through to import prices in the context of a monetary policy. More... more
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      Monetary PolicyStochastic SimulationDecode-And-ForwardOpen Economy
This article offers a deconstructive analysis of the alternative benchmarking conceptualization with reference to Taylor's rule. The conceptual note which is the subject of the article is based on the idea that the Taylor equation is... more
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      EconomicsResearch MethodologyMathematical ModellingBenchmarking
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      Monetary EconomicsCentral BankingIndian economyCentral Banking & Moneytary Policy
This paper examines the Taylor rule in the context of United States monetary policy since 1965, particularly with respect to the zero-lower-bound era of the federal funds rate from 2009 to 2016. A nonlinear Taylor rule is developed which... more
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      Monetary EconomicsMonetary PolicyTaylor ruleZero Lower Bound
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      Monetary PolicyDSGE ModelTaylor ruleBanking Sector
This paper aims at providing a self contained presentation of the ideas and solution procedure of New Keynesian Macroeconomics models. Using the benchmark “3 equation model”, we introduce the reader to an intuitive, static version of the... more
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      Monetary PolicyTaylor ruleOutput GapNew Keynesian Macroeconomics
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      EconometricsApplied EconomicsPolicy modelingMonetary Policy
We analyze the efiects of flscal policy in a currency area. We de- velop a two-region model having sticky prices, a common monetary authority and regional flscal policies. We break the ricardian equiva- lence and allow for keynesian... more
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      Fiscal policyPublic expenditureTerms of TradeTaylor rule
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      Fiscal policyMonetary PolicyPolicy InteractionsGMM
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      EconomicsMonetary EconomicsEconomic TheoryApplied Economics
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      Monetary PolicyDSGE ModelTaylor ruleBanking Sector
The aim of the present research is to use a model economy built for Brazil, based on an optimizing dynamic general equilibrium model, in order to perform numerical simulations to derive the ability of the artificial economy to explain the... more
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      Stochastic ProcessSensitivity AnalysisMonetary PolicyNumerical Simulation
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      Fiscal policyPublic expenditureTerms of TradeTaylor rule
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      Fiscal policyMonetary PolicyDecode-And-ForwardFederal Reserve
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      Open EconomyTaylor ruleCentral BankOpen
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    •   8  
      Economic TheoryMonetary PolicyWorking PapersData Fitting
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      EconomicsMonetary PolicyExchange rateSpanish Economic History
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      Time SeriesIncome DistributionApplied EconomicsStructural change and economic dynamics
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      Income DistributionParameter estimationEuro AreaTime Series Data
Over the past twenty years, the federal funds rate has evolved from being an intermediate target or indicator variable in discussions of monetary policy to the Federal Reserve’s (exogenous) policy instrument. How the funds rate is... more
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      EconomicsMonetary PolicyFederal ReserveTaylor rule
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      Economic TheoryApplied EconomicsMonetary PolicyCointegration
The preliminary results suggest that the introduction of habit persistence into the consumption hypothesis does not make much difference. However the introduction of different monetary reaction functions does alter the impulse response of... more
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      Sensitivity AnalysisMonetary PolicyNumerical SimulationImpulse response
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      Economic TheoryApplied EconomicsTaylor ruleEconomic
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      Economic TheoryFiscal policyApplied EconomicsMonetary Policy
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      Economic TheoryApplied EconomicsIT adoptionTaylor rule
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      Time SeriesForecastingMonetary PolicyReal Time
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      MarketingEconometricsForecastingMonetary Policy
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      Emerging EconomiesBootstrap (Statistics)Bootstrap EconometricsEmerging Markets
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      EconomicsEconomic TheoryTechnical AnalysisMonetary Policy
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      EconometricsApplied EconometricsApplied EconomicsDeveloping Country
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      EconomicsVolatilityApplied Economics LettersMonetary Policy
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      Monetary PolicyDSGE ModelTaylor ruleIndirect Inference
In this paper I add to the evidence on possible nonlinearities in the conduct of ECB monetary policy. For this purpose a nonlinear Taylor rule (threshold regression) was estimated and compared to a linear benchmark model. The estimation... more
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      Monetary EconomicsMonetary PolicyEuropean Central BankTaylor rule
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      EconomicsApplied Economics LettersMonetary PolicyRational Expectation
We analyse the effect of uncertainty concerning the state and the nature of asset price movements on the optimal monetary policy response. Uncertainty is modeled by adding Markov-switching shocks to a DSGE model with capital accumulation.... more
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      Monetary PolicyOptimal Fiscal and Monetary PolicyDSGE ModelMarkov switching
In a variety of recent papers, researchers have found that interest rate behaviour approximately follows a Taylor rule. We show that such interest rate behaviour results when the central bank may be following quite different monetary... more
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      Monetary PolicyTaylor ruleCentral BankInterest Rate