Matches in SemOpenAlex for { <https://semopenalex.org/work/W3152309503> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W3152309503 abstract "We analyze the optimal Taylor rule in a standard New Keynesian model. If the central bank can observe the output gap and the inflation rate without error, then it is typically optimal to respond infinitely strongly to observed deviations from the central bank's targets. If it observes inflation and the output gap with error, the central bank will temper its responses to observed deviations so as not to impart unnecessary volatility to the economy. If the Taylor rule is expressed in terms of estimated output and inflation then it is optimal to respond infinitely strongly to estimated deviations from the targets. Because filtered estimates are based on current and past observations, such Taylor rules appear to have an interest smoothing component. Under such a Taylor rule, if the central bank is behaving optimally, the estimates of inflation and the output gap should be perfectly negatively correlated. In the data, inflation and the output gap are weakly correlated, suggesting that the central bank is systematically underreacting to its estimates of inflation and the output gap." @default.
- W3152309503 created "2021-04-13" @default.
- W3152309503 creator A5055045322 @default.
- W3152309503 creator A5080474947 @default.
- W3152309503 date "2014-01-01" @default.
- W3152309503 modified "2023-09-23" @default.
- W3152309503 title "Optimal Taylor Rules in New Keynesian Models" @default.
- W3152309503 hasPublicationYear "2014" @default.
- W3152309503 type Work @default.
- W3152309503 sameAs 3152309503 @default.
- W3152309503 citedByCount "0" @default.
- W3152309503 crossrefType "posted-content" @default.
- W3152309503 hasAuthorship W3152309503A5055045322 @default.
- W3152309503 hasAuthorship W3152309503A5080474947 @default.
- W3152309503 hasConcept C105795698 @default.
- W3152309503 hasConcept C10688316 @default.
- W3152309503 hasConcept C121332964 @default.
- W3152309503 hasConcept C126285488 @default.
- W3152309503 hasConcept C149782125 @default.
- W3152309503 hasConcept C162324750 @default.
- W3152309503 hasConcept C165556158 @default.
- W3152309503 hasConcept C185824701 @default.
- W3152309503 hasConcept C200941418 @default.
- W3152309503 hasConcept C2778222704 @default.
- W3152309503 hasConcept C2778774626 @default.
- W3152309503 hasConcept C2779513878 @default.
- W3152309503 hasConcept C2992735868 @default.
- W3152309503 hasConcept C33332235 @default.
- W3152309503 hasConcept C33923547 @default.
- W3152309503 hasConcept C3770464 @default.
- W3152309503 hasConcept C91602232 @default.
- W3152309503 hasConceptScore W3152309503C105795698 @default.
- W3152309503 hasConceptScore W3152309503C10688316 @default.
- W3152309503 hasConceptScore W3152309503C121332964 @default.
- W3152309503 hasConceptScore W3152309503C126285488 @default.
- W3152309503 hasConceptScore W3152309503C149782125 @default.
- W3152309503 hasConceptScore W3152309503C162324750 @default.
- W3152309503 hasConceptScore W3152309503C165556158 @default.
- W3152309503 hasConceptScore W3152309503C185824701 @default.
- W3152309503 hasConceptScore W3152309503C200941418 @default.
- W3152309503 hasConceptScore W3152309503C2778222704 @default.
- W3152309503 hasConceptScore W3152309503C2778774626 @default.
- W3152309503 hasConceptScore W3152309503C2779513878 @default.
- W3152309503 hasConceptScore W3152309503C2992735868 @default.
- W3152309503 hasConceptScore W3152309503C33332235 @default.
- W3152309503 hasConceptScore W3152309503C33923547 @default.
- W3152309503 hasConceptScore W3152309503C3770464 @default.
- W3152309503 hasConceptScore W3152309503C91602232 @default.
- W3152309503 hasLocation W31523095031 @default.
- W3152309503 hasOpenAccess W3152309503 @default.
- W3152309503 hasPrimaryLocation W31523095031 @default.
- W3152309503 hasRelatedWork W1584326884 @default.
- W3152309503 hasRelatedWork W1874967388 @default.
- W3152309503 hasRelatedWork W1974607083 @default.
- W3152309503 hasRelatedWork W2011758314 @default.
- W3152309503 hasRelatedWork W2017509107 @default.
- W3152309503 hasRelatedWork W2067543166 @default.
- W3152309503 hasRelatedWork W2077037948 @default.
- W3152309503 hasRelatedWork W2082617335 @default.
- W3152309503 hasRelatedWork W2116536435 @default.
- W3152309503 hasRelatedWork W2153078639 @default.
- W3152309503 hasRelatedWork W2253500302 @default.
- W3152309503 hasRelatedWork W2260069545 @default.
- W3152309503 hasRelatedWork W2729709320 @default.
- W3152309503 hasRelatedWork W2905643218 @default.
- W3152309503 hasRelatedWork W3121624940 @default.
- W3152309503 hasRelatedWork W3122111472 @default.
- W3152309503 hasRelatedWork W3122380282 @default.
- W3152309503 hasRelatedWork W3124328162 @default.
- W3152309503 hasRelatedWork W3125611495 @default.
- W3152309503 hasRelatedWork W3126016945 @default.
- W3152309503 isParatext "false" @default.
- W3152309503 isRetracted "false" @default.
- W3152309503 magId "3152309503" @default.
- W3152309503 workType "article" @default.