Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States

By A. Cukierman, A. Muscatelli. 2008

194 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/360e55f71dbe91ca02e722356d27e476ed05fd1f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. A. Carvalho
2. A. Cukierman
3. Marcelo L. Moura
4. P. Geraats
5. Sylvester C. W. Eijffinger
6. Katrin Assenmacher-Wesche

Citations in the corpus

• What can Taylor rules say about monetary policy in Latin America (2010, background): “Cukierman and Muscatelli (2008) draw attention to nonlinearities in the US interest rate reaction functions because of asymmetric central bank preferences.”
• Central Bank Independence and Monetary Policymaking Institutions - Past Present and Future (2008, background): “Cukierman and Muscatelli (2008) investigate the consequences of asymmetric preferences within a New-Keynesian framework of the type suggested by Clarida et al. (2000) and test for the existence of non-linearities in the interest-rate reaction functions of the US and the UK.”