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

DOI10.1016/J.JEDC.2007.07.004MaRDI QIDQ844699zbMATH OpenOpenAlexFDO

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

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)

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Cites work

• scientific article; zbMATH DE number 777596 (Why is no real title available?)
• 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)

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

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