Are monetary-policy reaction functions asymmetric?: The role of nonlinearity in the Phillips curve

By Juan J. Dolado, Ramón María-Dolores, M. Naveira. 2005

327 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/8ab2f49b31fcf964b5ba86d3c6895e09ed585dd4

Citations in the corpus

• The Monetary Policy of the European Central Bank (2007, unknown): “captured by the coefficient c5, is consistent with the evidence in Peersman and Smets (2002) and Dolado et al. (2005). The squared interest rate gap always has explanatory power and the negative sign of c6 implies that the interest-rate changes are larger when the level of the interest rate is above”
• Instability and Nonlinearity in the Euro-Area Phillips Curve (2012, unknown): “However, Dolado et al. (2005) suggest that nonlinearities may be present, working on data from 1984 to 2001.”