Interest Rate Shocks, Central Bank's Credibility and Inflation Targeting Regime: Simulations in a Dynamic Stochastic General Equilibrium Model

Author:

Moreira Ricardo Ramalhete

Publisher

Elsevier BV

Subject

General Economics, Econometrics and Finance

Reference11 articles.

1. Alich, A. - Chen, H. - Clinton, K. (2009), ‘Inflation Targeting under Imperfect Policy Credibility’, IMF Working Paper 09/94. International Monetary Fund.

2. Argov, E. - Epstein, N. – Karam, P. (2007), ‘Endogenous Monetary Policy Credibility in a Small Macro Model of Israel’, IMF Working Paper 07/207. International Monetary Fund.

3. Ball, L. (1999), ‘Efficient rules for monetary policy’, International Finance, v. 2, n. 1:63-83.

4. Ball, L. (2002), ‘Policy Rules and External Shocks’, in Norman Loayza and Klaus Schmidt-Hebbel, Monetary Policy: Rules and Transmission Mechanisms, Banco Central de Chile.

5. Clarida, R - J. Galí - M. Gertler. (1999), ‘The science of monetary policy: a new Keynesian perspective’, Journal of Economic Literature, v. XXXVII: 1661-1707.

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