How stable are monetary policy rules: estimating the time-varying coefficients in monetary policy reaction function for the US

DOI10.1016/j.csda.2004.05.028zbMath1429.62701MaRDI QIDQ957222

I-Lok Chang, P. A. V. B. Swamy, George S. Tavlas

Publication date: 26 November 2008

Published in: Computational Statistics and Data Analysis (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.csda.2004.05.028

zbMATH Keywords

bias-free coefficients; monetary policy reaction function; necessary and sufficient conditions for macroeconomic stability

Mathematics Subject Classification ID

62P20: Applications of statistics to economics

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Cites Work

• Circumstances in which different criteria of estimation can be applied to estimate policy effects
• On the Nature and Discovery of Structure
• A computational approach to finding causal economic laws