Arbeitspapier
The Analysis of Forward-Looking Monetary Policy in a SVAR Framework
This paper analyzes forward-looking monetary policy rules in structural VAR's. First, an approach for modeling a monetary policy which aims at a strict medium term inflation or output growth target is developed. Second, the ex ante inflation-output-growth volatility trade-off for a forward-looking policy aiming at a convex combination these strategies is derived. Finally, an illustration of our approach using Swiss data is given.
- Language
-
Englisch
- Bibliographic citation
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Series: WWZ Discussion Paper ; No. 2005/10
- Classification
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
- Subject
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Structural VAR
forward-looking monetary policy
efficiency frontier
- Event
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Geistige Schöpfung
- (who)
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Jordan, Thomas J.
Kugler, Peter
Lenz, Carlos
Savioz, Marcel R.
- Event
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Veröffentlichung
- (who)
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University of Basel, Center of Business and Economics (WWZ)
- (where)
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Basel
- (when)
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2005
- DOI
-
doi:10.5451/unibas-ep61258
- Handle
- Last update
- 10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jordan, Thomas J.
- Kugler, Peter
- Lenz, Carlos
- Savioz, Marcel R.
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2005
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