Zobrazeno 1 - 10
of 33
pro vyhledávání: '"Mariano Kulish"'
Autor:
Callum Jones, Mariano Kulish
Publikováno v:
Australian Economic Review. 55:375-382
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::66995ae0d29149f637fc8890dfd7086e
https://doi.org/10.1111/1467-8462.12484
https://doi.org/10.1111/1467-8462.12484
Publikováno v:
SSRN Electronic Journal.
We propose a shadow policy interest rate based on an estimated structural model that accounts for the zero lower bound. The lower bound constraint, if expected to bind, is contractionary and increases the shadow rate compared to an unconstrained syst
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9135146327db95faf8fb3754c524c56b
https://doi.org/10.2139/ssrn.4247517
https://doi.org/10.2139/ssrn.4247517
Autor:
Mariano Kulish, Adrian Pagan
Publikováno v:
Journal of Economic Surveys. 35:977-1006
The early history of cycles research involved locating turning points in the data. Later, the development of methods such as spectral analysis led to a focus on oscillations. A distinction between cycles and oscillations is needed—both imply turnin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5b19517eb989d94178c95ae12555b53c
https://doi.org/10.1111/joes.12428
https://doi.org/10.1111/joes.12428
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7c2dacc872cea6d972f8ed125e5344dc
https://doi.org/10.2139/ssrn.4095803
https://doi.org/10.2139/ssrn.4095803
In this paper, we review the relationship between inflation rates, nominal interest rates, and rates of growth of monetary aggregates for a large group of OECD countries. We conclude that the low-frequency behavior of these series maintains a close r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::725236ef12c37622411e5435d09824c6
https://doi.org/10.21034/sr.633
https://doi.org/10.21034/sr.633
The slope of the Phillips curve in New Keynesian models is difficult to estimate using aggregate data. We show that in a Bayesian estimation, the priors placed on the parameters governing nominal rigidities significantly influence posterior estimates
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7dc53d9d68102810b46278501a66c902
https://doi.org/10.21034/wp.778
https://doi.org/10.21034/wp.778
Publikováno v:
SSRN Electronic Journal.
We set up and estimate a small open economy model with fiscal policy in which trend growth can permanently change. The magnitude and timing of the change in trend growth are estimated alongside the structural and fiscal policy rule parameters. Around
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::305d3e20b9b98f3f4a77e702d5c3bc6e
https://doi.org/10.2139/ssrn.3779733
https://doi.org/10.2139/ssrn.3779733
The empirical literature on the stability of the Phillips curve has largely ignored the bias that endogenous monetary policy imparts on estimated Phillips curve coefficients. We argue that this omission has important implications. When policy is endo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d541236fe03f6fed747e28efe442e071
https://doi.org/10.21034/sr.614
https://doi.org/10.21034/sr.614
Publikováno v:
Journal of Monetary Economics. 88:35-49
We propose estimating DSGE models in which the central bank fixes the policy rate for an extended period of time and apply our approach to estimate expected durations of the Federal Reserve’s zero interest rate policy since 2009. We find a large in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0395471b053598a2af1a971e3b96b313
https://doi.org/10.1016/j.jmoneco.2017.05.003
https://doi.org/10.1016/j.jmoneco.2017.05.003