Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/57630
Citations | ||
Scopus | Web of ScienceĀ® | Altmetric |
---|---|---|
?
|
?
|
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Collard, F. | - |
dc.contributor.author | Dellas, H. | - |
dc.date.issued | 2005 | - |
dc.identifier.citation | European Economic Review, 2005; 49(4):887-907 | - |
dc.identifier.issn | 0014-2921 | - |
dc.identifier.uri | http://hdl.handle.net/2440/57630 | - |
dc.description.abstract | We study the properties of alternative central bank targeting procedures within the standard New Keynesian model. We find that Poole's famous insights concerning the output stabilization properties of money and interest rate targeting obtain when intertemporal substitution is low. And that output volatility rankings do not induce similar welfare rankings. Unlike the popular presumption, money targeting always fares better for money demand shocks. For fiscal shocks, money targeting does better for low and worse for high degree of intertemporal substitution. The opposite pattern obtains for supply shocks. | - |
dc.description.statementofresponsibility | Fabrice Collard and Harris Dellas | - |
dc.description.uri | http://www.elsevier.com/wps/find/journaldescription.cws_home/505541/description#description | - |
dc.language.iso | en | - |
dc.publisher | Elsevier Science BV | - |
dc.source.uri | http://dx.doi.org/10.1016/j.euroecorev.2003.08.013 | - |
dc.subject | Poole | - |
dc.subject | Targeting | - |
dc.subject | Macroeconomic volatility | - |
dc.subject | Welfare | - |
dc.title | Poole in the New Keynesian model | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1016/j.euroecorev.2003.08.013 | - |
pubs.publication-status | Published | - |
Appears in Collections: | Aurora harvest Economics publications |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.