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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19498Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Kugler, Peter | - |
| dc.creator | Jordan, Thomas J. | - |
| dc.creator | Lenz, Carlos | - |
| dc.creator | Savioz, Marcel R. | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:05:18Z | - |
| dc.date.available | 2013-10-16T07:05:18Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19498 | - |
| dc.identifier | ppn:473006936 | - |
| dc.identifier | RePEc:zbw:bubdp1:2297 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19498 | - |
| dc.description | This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR consisting of four variables. First, the paper looks at the ex ante inflation-output-growth volatility trade-off for a forward-looking policy aiming at a convex combination of a strict inflation and output growth targeting rule implied by this SVAR model. Thereby the paper introduces a new analytical method. Second, the paper considers the effect of measurement errors in GDP on this inflation-output-growth volatility trade-off. Third, the paper works at the impact of changing beliefs about the potential growth rate on the variability of output growth and inflation. Finally the effects of different targets in a forward-looking monetary policy on ex post or unconditional volatility of inflation and output growth is explored by a simulation exercise. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,31 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E53 | - |
| dc.subject | E52 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Structural VAR | - |
| dc.subject | forward-looking monetary policy | - |
| dc.subject | efficiency frontier | - |
| dc.subject | GDP measurement errors | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Sozialprodukt | - |
| dc.subject | Statistischer Fehler | - |
| dc.subject | VAR-Modell | - |
| dc.subject | Schweiz | - |
| dc.title | Measurement errors in GDP and forward-looking monetary policy: The Swiss case | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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