Monetary Policy Reaction Functions in the OECD:
Monetary policy reaction functions can provide insights into the factors influencing monetary policy decisions. Empirical estimates suggest that differences exist across countries as to whether monetary policy reacts solely to expected inflation or also takes into account expected output development...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.761 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Monetary policy reaction functions can provide insights into the factors influencing monetary policy decisions. Empirical estimates suggest that differences exist across countries as to whether monetary policy reacts solely to expected inflation or also takes into account expected output developments. A range of other factors, such as monetary policy in large economies, can also influence monetary policy reactions in smaller ones. On the other hand, monetary policy has reacted less to contemporaneous measures of the output gap, while asset price developments do not generally appear to have influenced monetary policy decisions. |
| Beschreibung: | 1 Online-Ressource (27 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kmfwj7z6d7j-en |
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| spelling | Sutherland, Douglas VerfasserIn aut Monetary Policy Reaction Functions in the OECD Douglas, Sutherland = Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE / Douglas, Sutherland Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE Paris OECD Publishing 2010 1 Online-Ressource (27 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.761 Monetary policy reaction functions can provide insights into the factors influencing monetary policy decisions. Empirical estimates suggest that differences exist across countries as to whether monetary policy reacts solely to expected inflation or also takes into account expected output developments. A range of other factors, such as monetary policy in large economies, can also influence monetary policy reactions in smaller ones. On the other hand, monetary policy has reacted less to contemporaneous measures of the output gap, while asset price developments do not generally appear to have influenced monetary policy decisions. Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kmfwj7z6d7j-en Volltext |
| spellingShingle | Sutherland, Douglas Monetary Policy Reaction Functions in the OECD Economics |
| title | Monetary Policy Reaction Functions in the OECD |
| title_alt | Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE |
| title_auth | Monetary Policy Reaction Functions in the OECD |
| title_exact_search | Monetary Policy Reaction Functions in the OECD |
| title_full | Monetary Policy Reaction Functions in the OECD Douglas, Sutherland = Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE / Douglas, Sutherland |
| title_fullStr | Monetary Policy Reaction Functions in the OECD Douglas, Sutherland = Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE / Douglas, Sutherland |
| title_full_unstemmed | Monetary Policy Reaction Functions in the OECD Douglas, Sutherland = Les fonctions de réaction de la politique monétaire dans la zone de l'OCDE / Douglas, Sutherland |
| title_short | Monetary Policy Reaction Functions in the OECD |
| title_sort | monetary policy reaction functions in the oecd |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5kmfwj7z6d7j-en |
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