Estimation of a Nonlinear Taylor Rule Using Real-Time U.S. Data
نویسندگان
چکیده
منابع مشابه
Real-time expectations in the Taylor rule
This paper presents a refined interpretation of the role of real time data in estimating a Taylor rule. We use monthly Consensus survey data to construct inflationary and growth expectations. We argue that using real time expectations in estimating a Taylor rule is to be preferred above using real time output gap data alone. We approach uncertainty by the variance and skewness of expected outpu...
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ژورنال
عنوان ژورنال: Studies in Nonlinear Dynamics & Econometrics
سال: 2012
ISSN: 1558-3708
DOI: 10.1515/1558-3708.1876