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The asymmetry of U.S. monetary policy: Evidence from a threshold Taylor rule with time-varying threshold values

  • Published:2017-05 Issue: Volume:473 Page:522-535
  • ISSN:0378-4371
  • Container-title:Physica A: Statistical Mechanics and its Applications
  • language:en
  • Short-container-title:Physica A: Statistical Mechanics and its Applications

Author:

Zhu Yanli,Chen Haiqiang

Funder

National Nature Science Foundation of China

Fundamental Research Funds

Fok Ying-Tong Education Foundation

Fujian Provincial Key Laboratory of Statistics

Publisher

Elsevier BV

Subject

Condensed Matter Physics,Statistics and Probability

Reference52 articles.

1. Discretion versus policy rules in practice;Taylor;Carnegie–Rochester Conf. Ser.,1993

2. Monetary policy rules in practice: Some international evidence;Clarida;Eur. Econ. Rev.,1998

3. Monetary policy rule and macroeconomic stability: Evidence and some theory;Clarida;Quart. J. Econ.,2000

4. Taylor’s rule and the Fed: 1970-1997;Judd;FRBSF Econ. Rev.,1998

5. Monetary policy rules based on real-time data;Orphanides;Amer. Econ. Rev.,2001

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