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Conference Paper
How forward-looking is optimal monetary policy?
Woodford, Michael; Giannoni, Marc
(2003)
We calculate optimal monetary policy rules for several variants of a simple optimizing model of the monetary transmission mechanism with sticky prices and/or wages. We show that robustly optimal rules can be represented by interest-rate feedback rules that generalize the celebrated proposal of Taylor (1993). Optimal rules, however, require that the current interest rate operating target depend positively on the recent past level of the operating target, and its recent rate of increase, in a way that is characteristic of estimated central bank reaction functions, but not of Taylor's proposal.
Proceedings
Conference Paper
The global financial crisis – impact on Asia and policy challenges ahead
Keat, Heng Swee
(2009-10)
Proceedings
, Issue Oct
, Pages 267-276
Conference Paper
Liquidity and fire sales - discussion
Kashyap, Anil K.
(2005)
Proceedings
Conference Paper
Structured finance: uses (and abuses) of special purpose entities
Tavakoli, Janet M.
(2003)
Proceedings
, Paper 872
Conference Paper
Risk-based capital and bank growth
Baer, Herbert L.; McElravey, John N.
(1993)
Proceedings
, Paper 404
Conference Paper
Charting a course under free trade (summary of NAFTA conference)
anonymous
(1993)
Proceedings
Conference Paper
The theory and practice of school choice
Peterson, Paul E.
(2003-10)
Proceedings
, Issue Oct
, Pages 37-54
Conference Paper
Macroeconomic implications of changes in micro volatility - discussion
Bloom, Nick
(2007-11)
Proceedings
, Issue Nov
Conference Paper
On the credit risk of OTC derivative users
Bhasin, Vijay
(1997)
Proceedings
, Paper 554
Conference Paper
Parameterizing credit risk models rating data: current limits of actuarial approaches
Carey, Mark S.; Hrycay, Mark
(2000)
Proceedings
, Paper 684
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