Deviations from rules-based policy and their effects

DOI10.1016/J.JEDC.2014.09.034MaRDI QIDQ1991970zbMATH OpenOpenAlexFDO

Authors Alex Nikolsko-Rzhevskyy, David H. Papell, Ruxandra Prodan

Publication date 2 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.09.034

zbMATH Keywords

monetary policyrules versus discretionTaylor rulestests for structural change

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

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Cites work

• A real-time data set for macroeconomists
• Critical values for multiple structural change tests
• Deviations from rules-based policy and their effects
• Estimating and Testing Linear Models with Multiple Structural Changes
• Estimating restricted structural change models
• Estimation and Control of a Macroeconomic Model with Rational Expectations
• Optimal Interest-Rate Smoothing

Cited in

(9)

• Cross-checking optimal monetary policy with information from the Taylor rule
• Deviations from rules-based policy and their effects
• Policy rules in practice
• A shadow rate New Keynesian model
• Monetary policy rules and opinionated markets
• Can a Taylor rule better explain the Fed's monetary policy through the 1920s and 1930s? A nonlinear cliometric analysis
• Transition from the Taylor rule to the zero lower bound
• Central bank mandates and monetary policy stances: through the Lens of federal reserve speeches
• Escapist policy rules

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