Nonlinear monetary policy in Europe: fact or myth?

DOI10.1016/J.ECONLET.2004.08.008MaRDI QIDQ1927767zbMATH OpenOpenAlexFDO

Authors Allard Bruinshoofd, Bertrand Candelon

Publication date 2 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2004.08.008

zbMATH Keywords

linearity testsnonlinear modelstime series model specification

Mathematics Subject Classification ID

Time series, auto-correlation, regression, etc. in statistics (GARCH) (62M10) Applications of statistics to actuarial sciences and financial mathematics (62P05) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic time series analysis (91B84)

Recommendations

• Nonlinear Monetary Policy Rules: Some New Evidence for the U.S.
• Uncertainty and the real effects of monetary policy shocks in the euro area
• scientific article; zbMATH DE number 5049950
• Chapter 6 Non-linearity and Instability in the Euro Area
• Estimation of a Nonlinear Taylor Rule Using Real-Time U.S. Data

Cites work

• Asymmetries in Monetary Policy Reaction Function: Evidence for U.S. French and German Central Banks
• Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models
• scientific article; zbMATH DE number 1521551 (Why is no real title available?)
• Predicting the probability of a recession with nonlinear autoregressive leading-indicator models
• Testing linearity against smooth transition autoregressive models

Cited in

(3)

• ``Set a sufficiently ambitious budget target and let the automatic stabilizers work. Will it really work in the European Monetary Union?
• Structural asymmetries and the optimal monetary policy instrument of the European Central Bank
• Do Latin American Central Bankers Behave Non-Linearly? The Experiences of Brazil, Chile, Colombia and Mexico

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