Estimating the Taylor Rule in the time-frequency domain

We assess U.S. monetary policy across time and frequencies in the framework of the Taylor Rule (TR). First, we portray the deviations between policy interest rates and the TR-prescribed rates with a set of continuous wavelet tools, comprising the coherency, phase-diference and gain. Then, using thei...

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Detalhes bibliográficos
Autor principal: Conraria, Luís Aguiar (author)
Outros Autores: Martins, Manuel M. F. (author), Soares, M. J. (author)
Formato: workingPaper
Idioma:eng
Publicado em: 2014
Assuntos:
Monetary policy
Taylor Rule
Continuous wavelet
Partial wavelet coherency
Time-frequency estimation
Ciências Sociais::Economia e Gestão
Texto completo:http://hdl.handle.net/1822/30664
País:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/30664

Texto Completo

http://hdl.handle.net/1822/30664

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