Výsledky vyhledávání - "Volker W. Wieland"

Interest-Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence

Publikováno v: Finance and Economics Discussion Series. 1999:1-35

The Federal Reserve and other central banks tend to change short-term interest rates in sequences of small steps in the same direction and reverse the direction of interest rate movements only infrequently. These characteristics, often referred to as

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::5749daf05971dc671fed2e979fd8ad45
https://doi.org/10.17016/feds.1999.39

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Robustness of Simple Monetary Policy Rules under Model Uncertainty

Autor: Volker W. Wieland, Andrew Levin, John C. Williams

Publikováno v: Finance and Economics Discussion Series. 1998:1-55

In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. A

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fcdcdedc3c47a8faf00b7b02cc98f15c
https://doi.org/10.17016/feds.1998.45

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Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Autor: Günter Coenen, Andrew Levin, Volker W. Wieland

In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find that monetary

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8d0518b72355c5a82f0d847b4c884711
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=3812

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Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Autor: Athanasios Orphanides, Volker W. Wieland

This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound constraint on nominal interest rates. We find that if the economy is subject to stochastic shocks similar in

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::35c63ff832e75a04cd5a1742e98bd6ee
http://www.federalreserve.gov/pubs/feds/1998/199835/199835abs.html

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Report

Some Implications of Uncertainty and Misperception for Monetary Policy.

Autor: ERCEG, CHRISTOPHER¹ christopher.erceg@frb.gov, HEBDEN, JAMES¹ james.s.hebden@frb.gov, KILEY, MICHAEL¹ michael.t.kiley@frb.gov, LÓPEZ-SALIDO, DAVID¹ david.lopez-salido@frb.gov, TETLOW, ROBERT¹ robert.j.tetlow@frb.gov

Publikováno v: Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series. Aug2018, p1-39. 39p.

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