Understanding the deviation of Australian policy rate from the Taylor rule
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DOI: 10.1080/00036846.2017.1346367
Abstract: ABSTRACT This investigation aims to explain and quantify the deviations of the Australian policy rate (set by Reserve Bank of Australia) from the Taylor Rule. A three-step econometric procedure designed to reflect the data-rich environment… read more here.
Keywords: policy rate; taylor rule; rule;
Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China
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DOI: 10.1186/s11782-019-0056-z
Abstract: We examine whether the effectiveness of the monetary policy rate transmission differs before and after interest rate liberalization in China using the autoregressive distributed lag (ARDL) bound test and an error correction model (ECM). The… read more here.
Keywords: monetary policy; rate; rate liberalization; policy rate ... See more keywords
Uncertainty at the Zero Lower Bound
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DOI: 10.1257/mac.20140253
Abstract: When the policy rate is at the zero lower bound (ZLB), an increase in uncertainty regarding the future path of exogenous shocks alters the conditional expectations of relevant prices facing households and firms. Accordingly, an… read more here.
Keywords: zero lower; uncertainty; policy rate; lower bound ... See more keywords