Econometric Policy Evaluation and Inverse Control

The traditional approach to monetary policy evaluation entails a first step in which structural parameters are estimated and a second in which the performance of alternative policy rules is studied. This paper combines the two steps of the traditional approach into one by estimating a structural mod...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:Journal of Money, Credit and Banking. - Blackwell Publishing. - 38(2006), 7, Seite 1737-1764
1. Verfasser: Salemi, Michael K. (VerfasserIn)
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2006
Zugriff auf das übergeordnete Werk:Journal of Money, Credit and Banking
Schlagworte:C32 C61 E31 E32 E52 E61 Control Theory New Keynesian Model Optimal Monetary Policy Policy Evaluation mehr... Policy Regime Reaction Function Stabilization Economics Mathematics