Estimating the Federal Reserve's implicit inflation target: a state space approach

DOI10.1016/J.JEDC.2007.07.004zbMATH Open1181.91267OpenAlexW2046518595MaRDI QIDQ844699FDOQ844699

Authors: Daniel Leigh 

Publication date: 19 January 2010

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.2007.07.004

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zbMATH Keywords

Kalman filterstate space modelsmonetary policyTaylor rule

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)

Cites Work

• Title not available (Why is that?)
• Median Unbiased Estimation of Coefficient Variance in a Time-Varying Parameter Model
• Prediction Mean Squared Error for State Space Models with Estimated Parameters
• The inflation aversion of the Bundesbank: A state space approach

Cited In (4)

• Taking the fed at its word: a new approach to estimating central bank objectives using text analysis
• Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?
• The inflation aversion of the Bundesbank: A state space approach
• THE FEDERAL RESERVE'S IMPLICIT INFLATION TARGET AND MACROECONOMIC DYNAMICS: AN SVAR ANALYSIS

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