메뉴 건너뛰기




Volumn 12, Issue 11, 2005, Pages 679-685

The Taylor rule and real-time data - A critical appraisal

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC POLICY; EMPIRICAL ANALYSIS; MATHEMATICAL ANALYSIS; MODELING; MONETARY POLICY;

EID: 25144490264     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/13504850500181849     Document Type: Article
Times cited : (7)

References (28)
  • 1
    • 25144472238 scopus 로고    scopus 로고
    • A Taylor rule for the Euro area based on quasi-real time data
    • DNB Staff Reports No. 114/2004, De Nederlandsche Bank
    • Adema, Y. (2004) A Taylor rule for the Euro area based on quasi-real time data, DNB Staff Reports No. 114/2004, De Nederlandsche Bank.
    • (2004)
    • Adema, Y.1
  • 2
    • 0031670190 scopus 로고    scopus 로고
    • Monetary policy rules in practice. Some international evidence
    • Clarida, R., Gali, J. and Gertler, M. (1998) Monetary policy rules in practice. Some international evidence, European Economic Review, 42, 1033-67.
    • (1998) European Economic Review , vol.42 , pp. 1033-1067
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 3
    • 0006260747 scopus 로고    scopus 로고
    • Monetary policy rules and macroeconomic stability: Evidence and some theory
    • Clarida, R., Gali, J. and Gertler, M. (2000) Monetary policy rules and macroeconomic stability: evidence and some theory, Quarterly Journal of Economics, 115, 147-80.
    • (2000) Quarterly Journal of Economics , vol.115 , pp. 147-180
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 4
    • 25144505878 scopus 로고    scopus 로고
    • Did the bundesbank follow a Taylor rule? An analysis based on real-time data
    • IWP Discussion Paper No. 2003/2, University of Cologne
    • Clausen, J. R. and Meier, C.-P. (2003) Did the bundesbank follow a Taylor rule? An analysis based on real-time data, IWP Discussion Paper No. 2003/2, University of Cologne.
    • (2003)
    • Clausen, J.R.1    Meier, C.-P.2
  • 5
    • 0031287757 scopus 로고    scopus 로고
    • Near-integrated data and the analysis of political relationships
    • DeBoef, S. and Granato, J. (1997) Near-integrated data and the analysis of political relationships, American Journal of Political Science, 41, 619-40.
    • (1997) American Journal of Political Science , vol.41 , pp. 619-640
    • DeBoef, S.1    Granato, J.2
  • 6
    • 0036069756 scopus 로고    scopus 로고
    • Some new results on interest rate rules in EMU and in the US
    • Doménech, R., Ledo, M. and Taguas, D. (2002) Some new results on interest rate rules in EMU and in the US, Journal of Economics and Business, 54, 431-46.
    • (2002) Journal of Economics and Business , vol.54 , pp. 431-446
    • Doménech, R.1    Ledo, M.2    Taguas, D.3
  • 7
    • 0034381018 scopus 로고    scopus 로고
    • The Taylor rule and interest rates in the EMU area
    • Gerlach, S. and Schnabel, G. (2000) The Taylor rule and interest rates in the EMU area, Economics Letters, 67, 165-71.
    • (2000) Economics Letters , vol.67 , pp. 165-171
    • Gerlach, S.1    Schnabel, G.2
  • 8
    • 22144459969 scopus 로고    scopus 로고
    • Interest rate reaction functions and the Taylor rule in the Euro area
    • Working Paper No. 258, European Central Bank
    • Gerlach-Kristen, P. (2003) Interest rate reaction functions and the Taylor rule in the Euro area, Working Paper No. 258, European Central Bank.
    • (2003)
    • Gerlach-Kristen, P.1
  • 9
    • 14944374917 scopus 로고    scopus 로고
    • Interest-rate smoothing: Monetary policy intertia or unobserved variables?
    • Article 3
    • Gerlach-Kristen, P. (2004) Interest-rate smoothing: monetary policy intertia or unobserved variables?, Contributions to Macroeconomics, 4, Article 3.
    • (2004) Contributions to Macroeconomics , vol.4
    • Gerlach-Kristen, P.1
  • 10
    • 0000013567 scopus 로고
    • Co-integration and error correction: Representation, estimation, and testing
    • Engle, R. F. and Granger, C. W. J. (1987) Co-integration and error correction: representation, estimation, and testing, Econometrica, 55, 251-76.
    • (1987) Econometrica , vol.55 , pp. 251-276
    • Engle, R.F.1    Granger, C.W.J.2
  • 11
    • 34247480179 scopus 로고
    • Testing the null hypothesis of stationarity against the alternative of a unit root: How sure are we that economic time series have a unit root?
    • Kwiatkowski, D., Phillips, P. C. B., Schmidt, P. and Shin, Y. (1992) Testing the null hypothesis of stationarity against the alternative of a unit root: how sure are we that economic time series have a unit root?, Journal of Econometrics, 54, 159-78.
    • (1992) Journal of Econometrics , vol.54 , pp. 159-178
    • Kwiatkowski, D.1    Phillips, P.C.B.2    Schmidt, P.3    Shin, Y.4
  • 12
    • 0036000764 scopus 로고    scopus 로고
    • Are interest rate regressions evidence for a Taylor rule?
    • Minford, P., Perugini, F. and Srinivasan, N. (2002) Are interest rate regressions evidence for a Taylor rule?, Economics Letters, 76, 145-50,
    • (2002) Economics Letters , vol.76 , pp. 145-150
    • Minford, P.1    Perugini, F.2    Srinivasan, N.3
  • 13
    • 0013444236 scopus 로고    scopus 로고
    • UK inflation in the 1970s and 1980s: The role of output gap mismeasurement
    • Working Paper No. 148, Bank of England
    • Nelson, E. and Nikolov, K. (2001) UK inflation in the 1970s and 1980s: the role of output gap mismeasurement, Working Paper No. 148, Bank of England.
    • (2001)
    • Nelson, E.1    Nikolov, K.2
  • 14
    • 84963002108 scopus 로고
    • Automatic lag selection in covariance matrix estimation
    • Newey, W. K. and West, K. D. (1994) Automatic lag selection in covariance matrix estimation, Review of Economic Studies, 61, 631-54.
    • (1994) Review of Economic Studies , vol.61 , pp. 631-654
    • Newey, W.K.1    West, K.D.2
  • 15
    • 0002925890 scopus 로고    scopus 로고
    • Monetary policy rules based on real-time data
    • Orphanides, A. (2001) Monetary policy rules based on real-time data, American Economic Review, 91, 964-85.
    • (2001) American Economic Review , vol.91 , pp. 964-985
    • Orphanides, A.1
  • 16
    • 0042575527 scopus 로고    scopus 로고
    • Historical monetary policy analysis and the Taylor rule
    • Orphanides, A. (2003) Historical monetary policy analysis and the Taylor rule, Journal of Monetary Economics, 50, 983-1022.
    • (2003) Journal of Monetary Economics , vol.50 , pp. 983-1022
    • Orphanides, A.1
  • 18
    • 25144468495 scopus 로고    scopus 로고
    • The Taylor rule: A spurious regression?
    • Working Paper 2003:20, Department of Economics, Uppsala University
    • Österholm, P. (2003) The Taylor rule: a spurious regression?, Working Paper 2003:20, Department of Economics, Uppsala University.
    • (2003)
    • Österholm, P.1
  • 19
    • 0000854436 scopus 로고
    • Regression theory for near-integrated time series
    • Phillips, P. C. B. (1988) Regression theory for near-integrated time series, Econometrica, 56, 1021-43.
    • (1988) Econometrica , vol.56 , pp. 1021-1043
    • Phillips, P.C.B.1
  • 20
    • 0036742601 scopus 로고    scopus 로고
    • Term structure evidence on interest rate smoothing and monetary policy inertia
    • Rudebusch, G. D. (2002) Term structure evidence on interest rate smoothing and monetary policy inertia, Journal of Monetary Economics, 49, 1161-87.
    • (2002) Journal of Monetary Economics , vol.49 , pp. 1161-1187
    • Rudebusch, G.D.1
  • 21
    • 13444289978 scopus 로고    scopus 로고
    • A macro-finance model of the term structure, monetary policy, and the economy
    • Working Paper 2003-17, Federal Reserve Bank of San Fransisco
    • Rudebusch, G. D. and Wu, T. (2003) A macro-finance model of the term structure, monetary policy, and the economy, Working Paper 2003-17, Federal Reserve Bank of San Fransisco.
    • (2003)
    • Rudebusch, G.D.1    Wu, T.2
  • 22
    • 19044371729 scopus 로고
    • Testing for unit roots in autoregressive moving average models of unknown order
    • Said, S. E. and Dickey, D. A. (1984) Testing for unit roots in autoregressive moving average models of unknown order, Biometrika, 71, 599-607.
    • (1984) Biometrika , vol.71 , pp. 599-607
    • Said, S.E.1    Dickey, D.A.2
  • 23
    • 84974450849 scopus 로고
    • A residual based test of the null of cointegration against the alternative of no cointegration
    • Shin, Y. (1994) A residual based test of the null of cointegration against the alternative of no cointegration, Econometric Theory, 10, 91-115.
    • (1994) Econometric Theory , vol.10 , pp. 91-115
    • Shin, Y.1
  • 24
  • 25
    • 25144519756 scopus 로고    scopus 로고
    • Real-time expectations in the Taylor rule
    • Manuscript, Department of Economics, University of Groningen
    • Sterken, E. (2003) Real-time expectations in the Taylor rule, Manuscript, Department of Economics, University of Groningen.
    • (2003)
    • Sterken, E.1
  • 26
    • 0042225083 scopus 로고    scopus 로고
    • What is wrong with Taylor rules? Using judgment in monetary policy through targeting rules
    • Svensson, L. E. O. (2003) What is wrong with Taylor rules? Using judgment in monetary policy through targeting rules, Journal of Economic Literature, 41, 426-77.
    • (2003) Journal of Economic Literature , vol.41 , pp. 426-477
    • Svensson, L.E.O.1
  • 28
    • 25144476327 scopus 로고    scopus 로고
    • van Norden, S. (2004) http://www.hec.ca/pages/simon.van-norden/ codepage.html
    • (2004)
    • van Norden, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.