LEADER 04323oam  22011654  450 
001 9910788310703321
005 20230725040447.0
010   $a1-4623-1640-9
010   $a9786612845284
010   $a1-4527-0464-3
010   $a1-4519-6229-0
010   $a1-282-84528-4
035   $a(CKB)3170000000055420
035   $a(SSID)ssj0000940123
035   $a(PQKBManifestationID)11553622
035   $a(PQKBTitleCode)TC0000940123
035   $a(PQKBWorkID)10946635
035   $a(PQKB)10661954
035   $a(OCoLC)503317065
035   $a(MiAaPQ)EBC1606080
035   $a(IMF)WPIEE2010020
035   $a(EXLCZ)993170000000055420
100   $a20020129d2010      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aDissecting Taylor Rules in a Structural VAR /$fWoon Choi, Yi Wen
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2010.
215   $a26 p. $cill
225 1 $aIMF Working Papers
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1868-2 
320   $aIncludes bibliographical references.
330 3 $aThis paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over time to demand shocks than to supply shocks, and more aggressive toward inflation than output growth. Our estimated dynamic policy coefficients characterize the style of policy as a "bang-bang" control for the pre-1979 period and as a gradual control for the post-1979 period.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2010/020
606   $aMonetary policy$xMathematical models
606   $aTaylor's rule
606   $aBanks and Banking$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aEconomic Theory$2imf
606   $aModel Construction and Estimation$2imf
606   $aMonetary Policy$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aMacroeconomics: Production$2imf
606   $aAgriculture: Aggregate Supply and Demand Analysis$2imf
606   $aPrices$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aEconomic theory & philosophy$2imf
606   $aBanking$2imf
606   $aEconomic growth$2imf
606   $aProduction growth$2imf
606   $aSupply shocks$2imf
606   $aCentral bank policy rate$2imf
606   $aBusiness cycles$2imf
606   $aProduction$2imf
606   $aEconomic theory$2imf
606   $aFinancial services$2imf
606   $aSupply and demand$2imf
606   $aInterest rates$2imf
607   $aUnited States$2imf
615  0$aMonetary policy$xMathematical models.
615  0$aTaylor's rule.
615  7$aBanks and Banking
615  7$aInflation
615  7$aMacroeconomics
615  7$aEconomic Theory
615  7$aModel Construction and Estimation
615  7$aMonetary Policy
615  7$aPrice Level
615  7$aDeflation
615  7$aMacroeconomics: Production
615  7$aAgriculture: Aggregate Supply and Demand Analysis
615  7$aPrices
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aEconomic theory & philosophy
615  7$aBanking
615  7$aEconomic growth
615  7$aProduction growth
615  7$aSupply shocks
615  7$aCentral bank policy rate
615  7$aBusiness cycles
615  7$aProduction
615  7$aEconomic theory
615  7$aFinancial services
615  7$aSupply and demand
615  7$aInterest rates
700   $aChoi$b Woon$01493512
701   $aWen$b Yi$01532212
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788310703321
996   $aDissecting Taylor Rules in a Structural VAR$93778296
997   $aUNINA