How stable are monetary policy rules: estimating the time-varying coefficients in monetary policy reaction function for the US

DOI10.1016/j.csda.2004.05.028zbMath1429.62701OpenAlexW2051350218MaRDI QIDQ957222

I-Lok Chang, George S. Tavlas, P. A. V. B. Swamy

Publication date: 26 November 2008

Published in: Computational Statistics and Data Analysis (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.csda.2004.05.028

zbMATH Keywords

bias-free coefficientsmonetary policy reaction functionnecessary and sufficient conditions for macroeconomic stability

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

Related Items (5)

Second special issue on computational econometrics ⋮ Bootstrap-based tests for deterministic time-varying coefficients in regression models ⋮ Quantile estimation in two-phase sampling ⋮ Empirical best linear unbiased prediction in misspecified and improved panel data models with an application to gasoline demand ⋮ A NOTE ON MUTH'S RATIONAL EXPECTATIONS HYPOTHESIS: A TIME-VARYING COEFFICIENT INTERPRETATION

Cites Work

• Circumstances in which different criteria of estimation can be applied to estimate policy effects
• On the Nature and Discovery of Structure
• A computational approach to finding causal economic laws

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