Deviations from rules-based policy and their effects

DOI10.1016/J.JEDC.2014.09.034zbMath1402.91489OpenAlexW3125767820MaRDI QIDQ1991970

David H. Papell, Alex Nikolsko-Rzhevskyy, Ruxandra Prodan

Publication date: 2 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.09.034

zbMATH Keywords

Taylor rulesmonetary policyrules versus discretiontests for structural change

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

Related Items (4)

Transition from the Taylor rule to the zero lower bound ⋮ Can a Taylor rule better explain the Fed's monetary policy through the 1920s and 1930s? A nonlinear cliometric analysis ⋮ Deviations from rules-based policy and their effects ⋮ A shadow rate New Keynesian model

Cites Work

• Estimating restricted structural change models
• Deviations from rules-based policy and their effects
• Estimation and Control of a Macroeconomic Model with Rational Expectations
• Critical values for multiple structural change tests
• Optimal Interest-Rate Smoothing
• Estimating and Testing Linear Models with Multiple Structural Changes
• A real-time data set for macroeconomists

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