메뉴 건너뛰기




Volumn 15, Issue 4, 2011, Pages 714-728

Monetary Policy Rules for Transition Economies: An Empirical Analysis

Author keywords

[No Author keywords available]

Indexed keywords

EMPIRICAL ANALYSIS; EUROPEAN UNION; EXCHANGE RATE; INFLATION; INTEREST RATE; MONETARY POLICY; TRANSITIONAL ECONOMY;

EID: 80155122620     PISSN: 13636669     EISSN: 14679361     Source Type: Journal    
DOI: 10.1111/j.1467-9361.2011.00638.x     Document Type: Article
Times cited : (10)

References (43)
  • 1
    • 0036267267 scopus 로고    scopus 로고
    • "Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade
    • Amato, J. D. and S. Gerlach, "Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade, "European Economic Review 46 (2002):781-90.
    • (2002) European Economic Review , vol.46 , pp. 781-790
    • Amato, J.D.1    Gerlach, S.2
  • 2
    • 0031325058 scopus 로고    scopus 로고
    • "Estimation of a Change Point in Multiple Regression Model
    • Bai, J., "Estimation of a Change Point in Multiple Regression Model, "Review of Economics and Statistics 79 (1996):551-63.
    • (1996) Review of Economics and Statistics , vol.79 , pp. 551-563
    • Bai, J.1
  • 4
    • 80155164682 scopus 로고    scopus 로고
    • quot;Exchange Rate and Exchange Rate Regime in Slovakia: Recent Developments," International Center for Economic Growth, European Center working paper on macroeconomic studies 5, Budapest.
    • Beblavy, M., "Exchange Rate and Exchange Rate Regime in Slovakia: Recent Developments, "International Center for Economic Growth, European Center working paper on macroeconomic studies 5, Budapest (2002).
    • (2002)
    • Beblavy, M.1
  • 5
    • 33750691965 scopus 로고    scopus 로고
    • "Measuring Monetary Policy for a Small Open Economy: Turkey
    • Berument, H., "Measuring Monetary Policy for a Small Open Economy: Turkey, "Journal of Macroeconomics 29 (2007):411-30.
    • (2007) Journal of Macroeconomics , vol.29 , pp. 411-430
    • Berument, H.1
  • 6
    • 33747811121 scopus 로고    scopus 로고
    • "Forward-looking Information in VAR Models and the Price Puzzle
    • Brissimis, S. N. and N. S. Magginas, "Forward-looking Information in VAR Models and the Price Puzzle, "Journal of Monetary Economics 53 (2006):1225-34.
    • (2006) Journal of Monetary Economics , vol.53 , pp. 1225-1234
    • Brissimis, S.N.1    Magginas, N.S.2
  • 8
    • 33845994715 scopus 로고    scopus 로고
    • "Taylor Rules and Interest Rate Smoothing in the Euro Area
    • Castelnuovo, F., "Taylor Rules and Interest Rate Smoothing in the Euro Area, "The Manchester School 75 (2007):1-16.
    • (2007) The Manchester School , vol.75 , pp. 1-16
    • Castelnuovo, F.1
  • 9
    • 35549005082 scopus 로고    scopus 로고
    • "Optimal Simple Rules for the Monetary and Fiscal Policies
    • Chadha, J. S. and C. Nolan, "Optimal Simple Rules for the Monetary and Fiscal Policies, "Journal of Macroeconomics 29 (2007):665-89.
    • (2007) Journal of Macroeconomics , vol.29 , pp. 665-689
    • Chadha, J.S.1    Nolan, C.2
  • 10
    • 0031670190 scopus 로고    scopus 로고
    • "Monetary Policy Rules in Practice: Some International Evidence
    • Clarida, R., J. Gali, and M. Gertler, "Monetary Policy Rules in Practice: Some International Evidence, "European Economic Review 42 (1998):1033-67.
    • (1998) European Economic Review , vol.42 , pp. 1033-1067
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 11
    • 0006260747 scopus 로고    scopus 로고
    • "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
    • Clarida, R., J. Gali, and M. Gertler, "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory, "Quarterly Journal of Economics 115 (2000):147-180.
    • (2000) Quarterly Journal of Economics , vol.115 , pp. 147-180
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 13
    • 0036069756 scopus 로고    scopus 로고
    • "Some New Results on Interest Rate Rules in EMU and in the US
    • Doménech, R., M. Ledo, and D. Taguas, "Some New Results on Interest Rate Rules in EMU and in the US, "Journal of Economics and Business 54 (2002):431-46.
    • (2002) Journal of Economics and Business , vol.54 , pp. 431-446
    • Doménech, R.1    Ledo, M.2    Taguas, D.3
  • 14
    • 80155140456 scopus 로고    scopus 로고
    • quot;Monetary Policy Rules in Central and Eastern Europe," Leibniz Universität Hannover, discussion paper 341.
    • Frömmel, M. and F. Schobert, "Monetary Policy Rules in Central and Eastern Europe, "Leibniz Universität Hannover, discussion paper 341 (2006).
    • (2006)
    • Frömmel, M.1    Schobert, F.2
  • 15
    • 0034381018 scopus 로고    scopus 로고
    • "The Taylor Rule and Interest Rates in the EMU Area
    • Gerlach, S. and G. Schnabel, "The Taylor Rule and Interest Rates in the EMU Area, "Economics Letters 67 (2000):165-71.
    • (2000) Economics Letters , vol.67 , pp. 165-171
    • Gerlach, S.1    Schnabel, G.2
  • 17
    • 85015387127 scopus 로고    scopus 로고
    • "Monetary Policy Rules, Transition Economies and the Impact of Ambiguity
    • Ghatak, S. and W. Spanjers, "Monetary Policy Rules, Transition Economies and the Impact of Ambiguity, "International Journal of Development Issues 6 (2007):26-37.
    • (2007) International Journal of Development Issues , vol.6 , pp. 26-37
    • Ghatak, S.1    Spanjers, W.2
  • 18
    • 71149087123 scopus 로고    scopus 로고
    • "Monetary Policy in Russia: Identifying Exchange Rate Shocks
    • Granville, B. and S. Mallick, "Monetary Policy in Russia: Identifying Exchange Rate Shocks, "Economic Modelling 27 (2010):432-44.
    • (2010) Economic Modelling , vol.27 , pp. 432-444
    • Granville, B.1    Mallick, S.2
  • 19
    • 4043081302 scopus 로고    scopus 로고
    • "Risk and Uncertainty in Monetary Policy
    • Greenspan, A., "Risk and Uncertainty in Monetary Policy, "American Economic Review 94(2) (2004):33-40.
    • (2004) American Economic Review , vol.94 , Issue.2 , pp. 33-40
    • Greenspan, A.1
  • 20
    • 33748076427 scopus 로고    scopus 로고
    • "Varying Monetary Policy Regimes: A Vector Autoregressive Investigation
    • Hanson, M. S., "Varying Monetary Policy Regimes: A Vector Autoregressive Investigation, "Journal of Economics and Business 58 (2006):407-27.
    • (2006) Journal of Economics and Business , vol.58 , pp. 407-427
    • Hanson, M.S.1
  • 21
    • 0010596721 scopus 로고    scopus 로고
    • "How Useful Are Taylor Rules for Monetary Policy?"
    • Kozicki, S., "How Useful Are Taylor Rules for Monetary Policy?" Economic Review 2 (1999):5-33.
    • (1999) Economic Review , vol.2 , pp. 5-33
    • Kozicki, S.1
  • 22
    • 33750983607 scopus 로고    scopus 로고
    • "Monetary Convergence to the Euro
    • Kutan, A. and L. T. Orlowski, "Monetary Convergence to the Euro, "Economic Systems 30 (2006):307-10.
    • (2006) Economic Systems , vol.30 , pp. 307-310
    • Kutan, A.1    Orlowski, L.T.2
  • 23
    • 51249175168 scopus 로고
    • "The Case for "ules in the Conduct of Monetary Policy: A Concrete Example
    • McCallum, B. T., "The Case for "ules in the Conduct of Monetary Policy: A Concrete Example, "Weltwirtschaftliches Archives 123 (1987):415-29.
    • (1987) Weltwirtschaftliches Archives , vol.123 , pp. 415-429
    • McCallum, B.T.1
  • 25
    • 0038174427 scopus 로고    scopus 로고
    • "Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan
    • McCallum, B. T., "Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan, "Federal Reserve Bank of Richmond, Economic Quarterly 86 (2000):49-79.
    • (2000) Federal Reserve Bank of Richmond, Economic Quarterly , vol.86 , pp. 49-79
    • McCallum, B.T.1
  • 26
    • 80155155012 scopus 로고    scopus 로고
    • "Financial Liberalization and Policy Simulation Experiments for India
    • Moore, T. and C. J. Green, "Financial Liberalization and Policy Simulation Experiments for India, "International Journal of Economic Research 3 (2006):55-69.
    • (2006) International Journal of Economic Research , vol.3 , pp. 55-69
    • Moore, T.1    Green, C.J.2
  • 27
    • 33645892568 scopus 로고    scopus 로고
    • "Financial Sector Reforms and Stochastic Policy Simulation: A Flow of Funds Model for India
    • Moore, T., C. J. Green, and V. Murinde, "Financial Sector Reforms and Stochastic Policy Simulation: A Flow of Funds Model for India, "Journal of Policy Modelling 28 (2006):319-33.
    • (2006) Journal of Policy Modelling , vol.28 , pp. 319-333
    • Moore, T.1    Green, C.J.2    Murinde, V.3
  • 28
    • 0002925890 scopus 로고    scopus 로고
    • "Monetary Policy Rules based on Real Time Data
    • Orphanides, A., "Monetary Policy Rules based on Real Time Data, "American Economic Review 91 (2001):964-85.
    • (2001) American Economic Review , vol.91 , pp. 964-985
    • Orphanides, A.1
  • 29
    • 0038413858 scopus 로고    scopus 로고
    • "Monetary Policy Evaluations with Noisy Information
    • Orphanides, A., "Monetary Policy Evaluations with Noisy Information, "Journal of Monetary Economics 50 (2003):605-31.
    • (2003) Journal of Monetary Economics , vol.50 , pp. 605-631
    • Orphanides, A.1
  • 30
    • 0002504725 scopus 로고    scopus 로고
    • "The Taylor Rule: A Useful Monetary Policy Benchmark for the Euro Area?"
    • Peersman, G. and F. Smets, "The Taylor Rule: A Useful Monetary Policy Benchmark for the Euro Area?" International Finance 2(1) (1999):85-116.
    • (1999) International Finance , vol.2 , Issue.1 , pp. 85-116
    • Peersman, G.1    Smets, F.2
  • 31
    • 0000308535 scopus 로고
    • "Time Series Regression with a Unit Root
    • Phillips, P. C. B., "Time Series Regression with a Unit Root, "Econometrica 55 (1987):277-301.
    • (1987) Econometrica , vol.55 , pp. 277-301
    • Phillips, P.C.B.1
  • 32
    • 0036742601 scopus 로고    scopus 로고
    • "Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia
    • Rudebusch, G., "Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia, "Journal of Monetary Economics 49 (2002):1161-87.
    • (2002) Journal of Monetary Economics , vol.49 , pp. 1161-1187
    • Rudebusch, G.1
  • 33
    • 43149096552 scopus 로고    scopus 로고
    • "Estimating a Monetary Policy Reaction Function for the Dominican Republic
    • Sánchez-Fung, José R., "Estimating a Monetary Policy Reaction Function for the Dominican Republic, "International Economic Journal 19 (2005):563-77.
    • (2005) International Economic Journal , vol.19 , pp. 563-577
    • Sánchez-Fung, J.R.1
  • 34
    • 0032079126 scopus 로고    scopus 로고
    • "Inflation and Monetary Policy in Selected West and Central African Countries
    • Savvides, A., "Inflation and Monetary Policy in Selected West and Central African Countries, "World Development 26 (1998):809-27.
    • (1998) World Development , vol.26 , pp. 809-827
    • Savvides, A.1
  • 36
    • 33750977811 scopus 로고    scopus 로고
    • "Hungary's Entry into the Euro Area: Lessons for Prospective Members from a Monetary Policy Perspective
    • Siklos, P., "Hungary's Entry into the Euro Area: Lessons for Prospective Members from a Monetary Policy Perspective, "Economic Systems 30 (2006):366-84.
    • (2006) Economic Systems , vol.30 , pp. 366-384
    • Siklos, P.1
  • 38
    • 0037832358 scopus 로고    scopus 로고
    • "Asymmetric Reaction Functions for the Euro Area
    • Surico, P., "Asymmetric Reaction Functions for the Euro Area, "Oxford Review of Economic Policy 19 (2003):44-57.
    • (2003) Oxford Review of Economic Policy , vol.19 , pp. 44-57
    • Surico, P.1
  • 39
    • 0036260736 scopus 로고    scopus 로고
    • "Inflation Targeting: Should it be Modelled as an Instrument Rule or a Targeting Rule?"
    • Svensson, L. E. O., "Inflation Targeting: Should it be Modelled as an Instrument Rule or a Targeting Rule?" European Economic Review 46 (2002):771-80.
    • (2002) European Economic Review , vol.46 , pp. 771-780
    • Svensson, L.E.O.1
  • 40
    • 0042225083 scopus 로고    scopus 로고
    • "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
    • Svensson, L. E. O., "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules, "Journal of Economic Literature 41 (2003):426-77.
    • (2003) Journal of Economic Literature , vol.41 , pp. 426-477
    • Svensson, L.E.O.1
  • 42
    • 0003476137 scopus 로고    scopus 로고
    • Chicago: The University of Chicago Press.
    • Taylor, J. B., "Monetary Policy Rules, Chicago: The University of Chicago Press (1999).
    • (1999) "Monetary Policy Rules
    • Taylor, J.B.1
  • 43


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.