TY  - BOOK
AU  - Dirk Bleich
PY  - 2012
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783653017045
TI  - Monetary Policy Rules
T2  - Empirical Applications Based on Survey Data
DO  - 10.3726/978-3-653-01704-5
UR  - https://www.peterlang.com/document/1045695
N2  - This work provides different studies of how econometric evaluation of monetary policy based on forward-looking Taylor rules is conducted. The first part discusses theoretical results regarding the Taylor principle and can be used as a guideline for the evaluation of the following three empirical applications based on survey data of Consensus Economics. The first application deals with the question whether the introduction of inflation targeting affects monetary policy. The second application investigates the consequences of oil price movements for monetary policy. The third application analyzes monetary policy conditions in Spain before and after the changeover to the Euro by estimating forward-looking Taylor rules.
KW  - Taylor Regeln, New-Keynesian model, Inflation, oil price, Euro, Spanish housing bubble, Geldtheorie- und Politik
LA  - English
ER  -