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Citations for "Output gap uncertainty: does it matter for the Taylor rule?"

by Frank Smets

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  1. John B. Taylor, 1999. "Commentary : challenges for monetary policy : new and old," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, pages 59-67.
  2. Alberto Humala & Gabriel Rodríguez, 2011. "Estimation Of A Time Varying Natural Interest Rate For Peru," Documentos de Trabajo, Departamento de Economía - Pontificia Universidad Católica del Perú 2011-316, Departamento de Economía - Pontificia Universidad Católica del Perú.
  3. Alvarez-Ramirez, Jose & Ibarra-Valdez, Carlos & Fernandez-Anaya, Guillermo & Villarreal, Francisco, 2008. "A modified Taylor rule for dealing with demand shocks and uncertain potential macroeconomic output," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 387(5), pages 1283-1300.
  4. Aoki, Kosuke, 2002. "Optimal Commitment Policy Under Noisy Information," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3370, C.E.P.R. Discussion Papers.
  5. Dotsey, Michael & Hornstein, Andreas, 2003. "Should a monetary policymaker look at money?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(3), pages 547-579, April.
  6. Andrew Levin & Volker Wieland & John C. Williams, 2003. "The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty," American Economic Review, American Economic Association, American Economic Association, vol. 93(3), pages 622-645, June.
  7. Lars E.O. Svensson, 1999. "Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability," NBER Working Papers 7276, National Bureau of Economic Research, Inc.
  8. Lars E.O. Svensson & Michael Woodford, 2000. "Indicator Variables for Optimal Policy," NBER Working Papers 7953, National Bureau of Economic Research, Inc.
  9. P.J.G. Vlaar, 2001. "On the Strength of the US dollar: Can it be Explained by Output Growth?," WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department 668, Netherlands Central Bank, Research Department.
  10. Glenn D. Rudebusch & Lars E.O. Svensson, 1999. "Eurosystem monetary targeting: lessons from U.S. data," Working Paper Series, Federal Reserve Bank of San Francisco 99-13, Federal Reserve Bank of San Francisco.
  11. Athanasios Orphanides & Simon van Norden, 1999. "The Reliability of Output Gap Estimates in Real Time," Macroeconomics, EconWPA 9907006, EconWPA.
  12. Orphanides, Athanasios & Wieland, Volker, 1999. "Inflation zone targeting," Working Paper Series, European Central Bank 0008, European Central Bank.
  13. Orphanides, Athanasios, 2001. "Monetary policy rules, macroeconomic stability and inflation: a view from the trenches," Working Paper Series, European Central Bank 0115, European Central Bank.
  14. Tim Willems, 2009. "Visualizing the Invisible: Estimating the New Keynesian Output Gap via a Bayesian Approach," Tinbergen Institute Discussion Papers, Tinbergen Institute 09-074/2, Tinbergen Institute, revised 26 Mar 2010.
  15. John C. Williams, 2004. "Robust estimation and monetary policy with unobserved structural change," Working Paper Series, Federal Reserve Bank of San Francisco 2004-11, Federal Reserve Bank of San Francisco.
  16. Andreas Hornstein & Michael Dotsey, 2002. "Should optimal discretionary monetary policy look at money?," Working Paper, Federal Reserve Bank of Richmond 02-04, Federal Reserve Bank of Richmond.
  17. Rodríguez, Alejandro & Ruiz, Esther, 2012. "Bootstrap prediction mean squared errors of unobserved states based on the Kalman filter with estimated parameters," Computational Statistics & Data Analysis, Elsevier, Elsevier, vol. 56(1), pages 62-74, January.
  18. Rudebusch, Glenn D., 2000. "Assessing nominal income rules for monetary policy with model and data uncertainty," Working Paper Series, European Central Bank 0014, European Central Bank.
  19. Martha López P., 2004. "Efficient Policy Rule for Inflation Targeting in Colombia," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 1-24, January-J.
  20. Proietti, Tommaso, 2008. "Structural Time Series Models for Business Cycle Analysis," MPRA Paper 6854, University Library of Munich, Germany.
  21. Brian Sack & Volker Wieland, 1999. "Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 1999-39, Board of Governors of the Federal Reserve System (U.S.).
  22. Yetman, James, 2003. "Probing potential output: Monetary policy, credibility, and optimal learning under uncertainty," Journal of Macroeconomics, Elsevier, Elsevier, vol. 25(3), pages 311-330, September.
  23. Romain Bouis & Ane Kathrine Christensen & Boris Cournède, 2013. "Deleveraging: Challenges, Progress and Policies," OECD Economics Department Working Papers, OECD Publishing 1077, OECD Publishing.
  24. Orphanides, Athanasios, 2003. "The quest for prosperity without inflation," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(3), pages 633-663, April.
  25. Dean Croushore, 2011. "Frontiers of Real-Time Data Analysis," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 49(1), pages 72-100, March.
  26. Sahuc, Jean-Guillaume & Avouyi-Dovi, Sanvi, 2009. "Comportement du banquier central en environnement incertain," Economics Papers from University Paris Dauphine, Paris Dauphine University 123456789/5490, Paris Dauphine University.
  27. Athanasios Orphanides & John C. Williams, 2002. "Robust Monetary Policy Rules with Unknown Natural Rates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 63-146.
  28. Efrem Castelnuovo, 2003. "Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model," Working Papers, Fondazione Eni Enrico Mattei 2003.6, Fondazione Eni Enrico Mattei.
  29. Bernhardsen, Tom & Eitrheim, Øyvind & Jore, Anne Sofie & Røisland, Øistein, 2004. "Real-time Data for Norway: Challenges for Monetary Policy," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre 2004,26, Deutsche Bundesbank, Research Centre.
  30. Pei-Tha Gan, 2014. "The Optimal Economic Uncertainty Index: A Grid Search Application," Computational Economics, Society for Computational Economics, Society for Computational Economics, vol. 43(2), pages 159-182, February.
  31. Dramani, Latif & Laye, Oumy, 2007. "Estimation of the Equilibrium Interest Rate: Case of CFA zone," MPRA Paper 3610, University Library of Munich, Germany.
  32. Adriana Arreaza & Enid Blanco & Miguel Dorta, 2004. "A Small Scale Macroeconomic Model for Venezuela," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 25-38, January-J.
  33. Wayne Robinson, 2004. "Real Shocks, Credibility & Stabilization Policy in a Small Open Economy," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 39-55, January-J.
  34. Carmine Trecroci & Matilde Vassalli, 2006. "Monetary policy regime shifts: new evidence from time-varying interest rate rules," Working Papers, University of Brescia, Department of Economics 0602, University of Brescia, Department of Economics.
  35. Bjørnland, Hilde C. & Brubakk, Leif & Jore, Anne Sofie, 2006. "Forecasting inflation with an uncertain output gap," Memorandum, Oslo University, Department of Economics 11/2006, Oslo University, Department of Economics.
  36. Gonzalo Llosa & Shirley Miller, 2005. "Using additional information in estimating the output gap in Peru: a multivariate unobserved component approach," Working Papers, Banco Central de Reserva del Perú 2005-004, Banco Central de Reserva del Perú.
  37. Andreas Billmeier, 2004. "Ghostbusting," IMF Working Papers, International Monetary Fund 04/146, International Monetary Fund.
  38. Peter Lildholdt & Nikolaos Panigirtzoglou & Chris Peacock, 2007. "An affine macro-factor model of the UK yield curve," Bank of England working papers, Bank of England 322, Bank of England.
  39. Christophe Planas & Alessandro Rossi, 2004. "Can inflation data improve the real-time reliability of output gap estimates?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 19(1), pages 121-133.
  40. Klaus Schmidt-Hebbel & Francisco Muñoz, 2012. "Monetary policy decisions by the world's central banks using real-time data," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. 426, Instituto de Economia. Pontificia Universidad Católica de Chile..
  41. Aoki, Kosuke, 2003. "On the optimal monetary policy response to noisy indicators," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(3), pages 501-523, April.
  42. Carlo Altavilla, 2001. "Assessing Monetary Rules Performance across EMU Countries," International Economics Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics ces0108, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics.
  43. Todd E. Clark & Sharon Kozicki, 2004. "Estimating equilibrium real interest rates in real time," Research Working Paper, Federal Reserve Bank of Kansas City RWP 04-08, Federal Reserve Bank of Kansas City.
  44. Eric T. Swanson, 2000. "On signal extraction and non-certainty-equivalence in optimal monetary policy rules," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2000-32, Board of Governors of the Federal Reserve System (U.S.).
  45. Roberto Perrelli & Shaun K. Roache, 2014. "Time-Varying Neutral Interest Rate—The Case of Brazil," IMF Working Papers, International Monetary Fund 14/84, International Monetary Fund.
  46. Athanasios Orphanides & Richard D. Porter & David Reifschneider & Robert Tetlow & Frederico Finan, 1999. "Errors in the measurement of the output gap and the design of monetary policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 1999-45, Board of Governors of the Federal Reserve System (U.S.).
  47. Olmos, Lorena & Sanso Frago, Marcos, 2014. "Natural Rate of Interest with Endogenous Growth, Financial Frictions and Trend Inflation," MPRA Paper 57212, University Library of Munich, Germany.
  48. Bohdan Kłos, 2003. "Rules of Percentage Rate in Conditions of Uncertainty," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, Faculty of Economic Sciences, University of Warsaw, vol. 9.
  49. Hartmann, Daniel, 2001. "Taylor-Regel und amerikanische Geldpolitik," Violette Reihe Arbeitspapiere, Promotionsschwerpunkt "Globalisierung und Beschaeftigung" 17/2001, Promotionsschwerpunkt "Globalisierung und Beschaeftigung".
  50. Ramon Maria-Dolores, . "Asymmetries in the Cyclical Effects of Monetary Policy on Output: Some European Evidence," Working Papers on International Economics and Finance 02-04, FEDEA.
  51. Putnam, Bluford H. & Azzarello, Samantha, 2012. "A Bayesian interpretation of the Federal Reserve's dual mandate and the Taylor Rule," Review of Financial Economics, Elsevier, Elsevier, vol. 21(3), pages 111-119.
  52. Javier Gómez & Juan Manuel Julio, 2000. "An Estimation of the Nonlinear Philips Curve in Colombia," BORRADORES DE ECONOMIA, BANCO DE LA REPÚBLICA 001975, BANCO DE LA REPÚBLICA.
  53. Robert J. Tetlow & Peter von zur Muehlen, 2002. "Avoiding Nash inflation: Bayesian and robust responses to model uncertainty," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2002-9, Board of Governors of the Federal Reserve System (U.S.).
  54. al-Nowaihi, Ali & Stracca, Livio, 2002. "Non-standard central bank loss functions, skewed risks, and certainty equivalence," Working Paper Series, European Central Bank 0129, European Central Bank.
  55. Yvonne Adema, 2004. "A Taylor Rule for the Euro Area Based on Quasi-Real Time Data," DNB Staff Reports (discontinued), Netherlands Central Bank 114, Netherlands Central Bank.
  56. Gonzalo Llosa & Shirley Miller, 2004. "Using Additional Information in Estimating the Output Gap in Peru: a Multivariate Unobserved Component Approach," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 57-82, January-J.
  57. Jean-Stephane Mesonnier & Jean-Paul Renne, 2004. "A Time Varying Natural Rate of Interest for the Euro Area," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group 42, Money Macro and Finance Research Group.
  58. Kugler, Peter & Jordan, Thomas J. & Lenz, Carlos & Savioz, Marcel R., 2005. "GDP data revisions and forward-looking monetary policy in Switzerland," The North American Journal of Economics and Finance, Elsevier, Elsevier, vol. 16(3), pages 351-372, December.
  59. Regős, Gábor, 2013. "Kockázattal kiegészített Taylor-szabályok becslése Magyarországra
    [Estimation of risk-augmented Taylor rules for Hungary]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 670-702.
  60. Juan Manuel Julio & Javier Gómez, 1999. "Outpout Gap Estimation, Estimation Uncertainty And Its Effect On Policy Rules," BORRADORES DE ECONOMIA, BANCO DE LA REPÚBLICA 003309, BANCO DE LA REPÚBLICA.
  61. Gonzalo Llosa/Shirley Miller, 2004. "Using additional information in estimating output gap in Peru: a multivariate unobserved component approach," Econometric Society 2004 Latin American Meetings, Econometric Society 243, Econometric Society.
  62. Jean-Philippe Cayen & Simon van Norden, 2002. "La fiabilité des estimations de l'écart de production au Canada," Working Papers, Bank of Canada 02-10, Bank of Canada.
  63. Helmut Wagner, 2001. "Implications of Globalization for Monetary Policy," IMF Working Papers, International Monetary Fund 01/184, International Monetary Fund.
  64. Rizzi, Lorenzo & Bazzana, Flavio & Kasabov, Nikola & Fedrizzi, Mario & Erzegovesi, Luca, 2003. "Simulation of ECB decisions and forecast of short term Euro rate with an adaptive fuzzy expert system," European Journal of Operational Research, Elsevier, Elsevier, vol. 145(2), pages 363-381, March.
  65. Travaglini, Guido, 2007. "The U.S. Dynamic Taylor Rule With Multiple Breaks, 1984-2001," MPRA Paper 3419, University Library of Munich, Germany, revised 15 Jun 2007.
  66. Dora M. Iakova, 2007. "Flattening of the Phillips Curve," IMF Working Papers, International Monetary Fund 07/76, International Monetary Fund.
  67. Jamie Armour & Ben Fung & Dinah Maclean, 2002. "Taylor Rules in the Quarterly Projection Model," Working Papers, Bank of Canada 02-1, Bank of Canada.
  68. Nils Björksten & Miika Syrjänen, 2000. "How Problematic are Internal Euro Area Differences?," EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) 14, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
  69. Björkstén, Nils & Syrjänen, Miika, 1999. "Divergences in the Euro Area: a Cause for Concern?," Research Discussion Papers, Bank of Finland 11/1999, Bank of Finland.
  70. Ralf Fendel, 2004. "Perspektiven und Grenzen der Verwendung geldpolitischer Regeln," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, Verein für Socialpolitik, vol. 5(2), pages 169-192, 05.
  71. Martín Guzman & Pablo Gluzmann, 2012. "Tensions in the Implementation of Central Banks’ Policies in the Pursuit of Economic Development," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, Central Bank of Argentina, Economic Research Department, vol. 1(65-66), pages 173-205, September.
  72. Marc-Alexandre Sénégas, 2002. "La politique monétaire face à l'incertitude : un survol méthodologique des contributions relatives à la zone euro," Revue d'Économie Financière, Programme National Persée, Programme National Persée, vol. 65(1), pages 177-200.
  73. Jarkko Jääskelä & Tony Yates, 2005. "Monetary policy and data uncertainty," Bank of England working papers, Bank of England 281, Bank of England.
  74. Katrin Wesche, 2003. "Monetary Policy in Europe: Evidence from Time-Varying Taylor Rules," Bonn Econ Discussion Papers, University of Bonn, Germany bgse21_2003, University of Bonn, Germany.
  75. Mésonnier, J-S. & Renne, J-P., 2004. "Règle de Taylor et politique monétaire dans la zone euro," Working papers, Banque de France 117, Banque de France.