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• W3121717372 endingPage "897" @default.
• W3121717372 startingPage "871" @default.
• W3121717372 abstract "I propose a methodology for estimating forward-looking Taylor rules in real time when forward-looking real-time central bank data are unavailable. The methodology consists of choosing appropriate models to closely replicate U.S. Greenbook forecasts and then applying these models to Canada, Germany, and the U.K. The results show that German and U.S. Taylor rules are characterized by inflation coefficients increasing with the forecast horizon and a positive output gap response. The U.K. and Canada interest rate reaction functions achieve maximum inflation response at middle-term horizons of about 1/2 years and the output gap coefficient is insignificant." @default.
• W3121717372 created "2021-02-01" @default.
• W3121717372 creator A5056224619 @default.
• W3121717372 date "2011-07-20" @default.
• W3121717372 modified "2023-09-24" @default.
• W3121717372 title "Monetary Policy Estimation in Real Time: Forward-Looking Taylor Rules without Forward-Looking Data" @default.
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• W3121717372 doi "https://doi.org/10.1111/j.1538-4616.2011.00400.x" @default.
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