Oxford Index Browse

You are looking at 1-10 of 14 items for:

Econometrics and Mathematical Economics x Monetary Policy, Central Banking, and the Supply of Money and Credit x clear all

Detecting and Predicting Forecast Breakdowns

Raffaella Giacomini and Barbara Rossi.

in The Review of Economic Studies

April 2009; p ublished online April 2009 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Prices, Business Fluctuations, and Cycles; Econometric Modelling. 12604 words.

We propose a theoretical framework for assessing whether a forecast model estimated over one period can provide good forecasts over a subsequent period. We formalize this idea by defining a...

Go to Oxford Journals »  abstract

Discretionary Policy and Multiple Equilibria in LQ RE Models

Andrew P. Blake and Tatiana Kirsanova.

in The Review of Economic Studies

October 2012; p ublished online June 2012 .

Journal Article. Subjects: Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit. 13114 words.

We study stationary discretionary equilibria in dynamic linear-quadratic rational expectations models. Past papers have assumed that this is uniquely determined; we show that such models...

Go to Oxford Journals »  abstract

Does high M4 money growth trigger large increases in UK inflation? Evidence from a regime-switching model

Costas Milas.

in Oxford Economic Papers

January 2009; p ublished online April 2008 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Econometric Modelling. 4778 words.

March 2007 saw an increase of 3.1% in UK inflation and triggered the first explanatory letter from the Governor of the Bank of England to the Chancellor of the Exchequer since the Bank of...

Go to Oxford Journals »  abstract

Financial Innovations and Their Implications for Monetary Policy in Kenya

Lydia Ndirangu and Esman Morekwa Nyamongo.

in Journal of African Economies

January 2015; p ublished online December 2014 .

Journal Article. Subjects: Banking; Single Equation Models; Single Variables; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 9393 words.

This study investigates the effect of financial innovation on monetary policy in Kenya during the period 1998–2013; that is, whether the waves of financial innovation that have occurred...

Go to Oxford Journals »  home page

Fiscal and Monetary Determinants of Inflation in Low-Income Countries: Theory and Evidence from Sub-Saharan Africa

Alfredo Baldini and Marcos Poplawski-Ribeiro.

in Journal of African Economies

June 2011; p ublished online March 2011 .

Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Monetary Policy, Central Banking, and the Supply of Money and Credit. 12757 words.

This paper presents a model of fiscal dominance with borrowing constraints and provides new evidence for a large number of Sub-Saharan African countries on the relative importance of fiscal...

Go to Oxford Journals »  home page

<i>JFEC Invited Paper</i>: Gaussian Macro-Finance Term Structure Models with Lags

Scott Joslin, Anh Le and Kenneth J. Singleton.

in Journal of Financial Econometrics

September 2013; p ublished online August 2013 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Economics; Econometric Modelling; Money and Interest Rates. 11136 words.

This article develops a new family of Gaussian macro-dynamic term structure models (MTSMs) in which bond yields follow a low-dimensional factor structure and the historical distribution of...

Go to Oxford Journals »  abstract

Learning and Model Validation

In-Koo Cho and Kenneth Kasa.

in The Review of Economic Studies

January 2015; p ublished online September 2014 .

Journal Article. Subjects: Econometric and Statistical Methods and Methodology: General; Monetary Policy, Central Banking, and the Supply of Money and Credit. 17693 words.

This paper studies adaptive learning with multiple models. An agent operating in a self-referential environment is aware of potential model misspecification, and tries to detect it, in...

Go to Oxford Journals »  home page

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries

S Borağan Aruoba, Pablo Cuba-Borda and Frank Schorfheide.

in The Review of Economic Studies

January 2018; p ublished online April 2017 .

Journal Article. Subjects: Econometric Modelling; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit. 14742 words.

Abstract

We compute a sunspot equilibrium in an estimated small-scale New Keynesian model with a zero lower bound (ZLB) constraint on nominal interest rates...

Go to Oxford Journals »  home page

Monetary Policy Shifts and the Term Structure

Andrew Ang, Jean Boivin, Sen Dong and Rudy Loo-Kung.

in The Review of Economic Studies

April 2011; p ublished online February 2011 .

Journal Article. Subjects: Econometric and Statistical Methods and Methodology: General; Multiple or Simultaneous Equation Models; Multiple Variables; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 12555 words.

We estimate the effect of shifts in monetary policy using the term structure of interest rates. In our no-arbitrage model, the short rate follows a version of the Taylor's (1993,...

Go to Oxford Journals »  abstract

A policy-sensible benchmark core inflation measure

Stefano Siviero and Giovanni Veronese.

in Oxford Economic Papers

December 2011; p ublished online May 2011 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Econometric Modelling. 8218 words.

Core or underlying inflation indicators feature prominently in the economic debate and in internal and external policy discussions of central banks. Notwithstanding this popularity the role...

Go to Oxford Journals »  abstract