Frequency Dependence in a Real-Time Monetary Policy Rule
نویسندگان
چکیده
منابع مشابه
Frequency Dependence in a Real-Time Monetary Policy Rule
We estimate a monetary policy rule for the US allowing for possible frequency dependence i.e., allowing the central bank to respond differently to persistent innovations than to transitory innovations, in both the real-time unemployment rate and the real-time inflation rate. The method is flexible, and requires no strong a priori assumptions on the pattern of frequency dependence or on the natu...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1543928