Shock matters for estimating monetary policy rules


Hokkaido University \| Library \| HUSCAP	Advanced Search		言語

	Home
	About HUSCAP
	Open Access Policy

	Browse by Author

Browse
	Communities & Collections

	Scholarly Journals
	Theses
	Doctoral Dissertations Listed by Graduate Schools
	Conference Procs.
	Events

	HUSCAP Senior (in Japanese)

	Societies

	Downloads (country)

For university staff
	How to post your papers to HUSCAP
	Publication of theses
	Helpline about theses publication

Open Archives Compliant

You can search our collection also at:
	Google
	Google Scholar
	CiNii
	IRDB
	OAIster
	NDLTD

Files in This Item:

The file(s) associated with this item can be obtained from the following URL: https://doi.org/10.1016/j.econlet.2019.04.031

Title:	Shock matters for estimating monetary policy rules
Authors:	Shirota, Toyoichiro Browse this author →KAKEN DB
Keywords:	Monetary policy
	Structural shocks
	Policy rule
Issue Date:	Aug-2019
Publisher:	Elsevier
Journal Title:	Economics letters
Volume:	181
Start Page:	54
End Page:	56
Publisher DOI:	10.1016/j.econlet.2019.04.031
Abstract:	This study proposes a simple methodology to conditionally estimate monetary-policy rule parameters for underlying structural shocks. The results are summarized as follows. First, the Federal Reserve (Fed) chooses different responses to different types of shocks. Second, the long-run response of policy rates to inflation does not exceed 1 for some shocks. This result suggests that the Fed does not meet the Taylor principle for some shocks. (C) 2019 The Author(s). Published by Elsevier B.V.
Rights:	https://creativecommons.org/licenses/by-nc-nd/4.0/
Type:	article
URI:	http://hdl.handle.net/2115/80383
Appears in Collections:	経済学院・経済学研究院 (Graduate School of Economics and Business / Faculty of Economics and Business) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)

Submitter: 代田豊一郎

OAI-PMH ( junii2 , jpcoar_1.0 )

- Hokkaido University