The name is absent



Table 2: Policy rules and coefficients in the log-linearized model

Rule

p11

p22

πt

yt

qt

Etπt+1

Etyt+1

optimal policy

all

all

—

—

—

—

—

TR

all

all

1.5

0.5

—

—

—

TR+q

all

all

1.5

0.5

0.1

—

—

IFB

0.25

0.25

—

—

—

1.5

—

IFB

0.25

0.50

—

—

—

1.5

—

IFB

0.25

0.75

—

—

—

1.7

—

IFB

0.50

0.25

—

—

—

1.9

—

IFB

0.50

0.50

—

—

—

1.6

—

IFB

0.50

0.75

—

—

—

1.8

—

IFB

0.75

all

—

—

—

2.8

—

IFB+y

all

all

—

—

—

1.5

0.5

IFB+y+q

all

all

—

—

0.1

1.5

0.5

IFB+y+q agg.

all

all

—

—

0.1

2.0

0.5

optimal policy: the optimal policy reacts to all state variables and shocks

TR: Taylor rule

IFB: Inflation forecast based rule

all: 0.25, 0.5, 0.75

19



More intriguing information

1. The name is absent
2. The Making of Cultural Policy: A European Perspective
3. The name is absent
4. Can a Robot Hear Music? Can a Robot Dance? Can a Robot Tell What it Knows or Intends to Do? Can it Feel Pride or Shame in Company?
5. Modeling industrial location decisions in U.S. counties
6. FISCAL CONSOLIDATION AND DECENTRALISATION: A TALE OF TWO TIERS
7. The Complexity Era in Economics
8. The Values and Character Dispositions of 14-16 Year Olds in the Hodge Hill Constituency
9. Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005
10. Reconsidering the value of pupil attitudes to studying post-16: a caution for Paul Croll
11. Convergence in TFP among Italian Regions - Panel Unit Roots with Heterogeneity and Cross Sectional Dependence
12. Quality Enhancement for E-Learning Courses: The Role of Student Feedback
13. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
14. The name is absent
15. Public infrastructure capital, scale economies and returns to variety
16. DISCUSSION: POLICY CONSIDERATIONS OF EMERGING INFORMATION TECHNOLOGIES
17. Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria
18. Disentangling the Sources of Pro-social Behavior in the Workplace: A Field Experiment
19. THE CO-EVOLUTION OF MATTER AND CONSCIOUSNESS1
20. Regional Intergration and Migration: An Economic Geography Model with Hetergenous Labour Force