A Keynesian macroeconometric framework for the analysis of monetary policy rules.
- Resource Type
- Article
- Authors
- Flaschel, Peter; Gang Gong; Semmler, Willi
- Source
- Journal of Economic Behavior & Organization. Sep2001, Vol. 46 Issue 1, p101. 36p. 1 Diagram, 1 Chart, 39 Graphs.
- Subject
- *MONETARY policy
*KEYNESIAN economics
*MACROECONOMICS
*ECONOMETRICS
- Language
- ISSN
- 0167-2681
Examines alternative monetary policy rules using a Keynesian based macroeconometric framework. Targeting of monetary aggregates; Targeting of interest rates; Concept of Taylor rule; Analysis of Phillips curves for the wage and price dynamics; Simulations of parameter systems for the monetary policy rules.