P4 can central banks’ monetary policy be described by a linear (augmented) taylor

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P4 can central banks’ monetary policy be described by a linear (augmented) taylor

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Ngày đăng: 24/04/2018, 08:56

Mục lục

  • Can central banks' monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule?

    • Introduction

    • A brief review of the literature on the Taylor rule

    • Specification and estimation of the linear Taylor rule

      • The linear Taylor rule

      • Data, variables and additional hypotheses to test

      • Empirical results

      • Specification and estimation of the nonlinear Taylor rule

        • The nonlinear Taylor rule

        • Linearity versus nonlinearity

        • Empirical results

        • Conclusions

        • ANNEX

        • References

        • The nonlinear Taylor rule

        • Linearity versus nonlinearity

        • Empirical results

        • Conclusions

        • ANNEX

        • References

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