Monetary Policy Inertia: Fact or Fiction?

2006

149 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2e50c5fced50ac9e7f2836ccf2592ebb3af22262

Citations in the corpus

• Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016, unknown): “…of continuously employed workers is 0.19;6 (iv) the autocorrelation of residual earnings of continuously-employed workers is 0.95; (v) 1 percent of the households are much more skilled than the rest (“super-skilled,” see below); and (vi) the probability of remaining a super-skilled worker is 0.97.”
• Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy? (2011, unknown): “Rudebusch, 2006). The linear policy rule Eq. (1) can be obtained as optimal monetary policy rule in LQ framework where central bank aims only at price stability and economic activity. Bauducco et al. (2008) propose NK model with financial system where monetary policy has privileged information on th”
• The systematic component of monetary policy in SVARs: An agnostic identification procedure (2015, unknown): “To characterize this identification scheme, it suffices We choose six months as our baseline because there is ample evidence of short-run smoothing of policy rates (Rudebusch, 2006).”
• The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks (2009, unknown): “Equivalently, equation (35) can be expressed in …rst-order recursive form as: b p t = 1 + ce itEtb p t+1; (36)”
• Using monetary policy to stabilize economic activity (2009, unknown): “Rudebusch 2006 has argued that the Fed does not engage in rate smoothing behavior, an hypothesis that is borne out by the experiences of 2008.”