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How forward-looking is the Fed? Direct estimates from a ‘Calvo-type’ rule. (2008). Spencer, Christopher ; Levine, Paul ; Gabriel, Vasco.
In: NIPE Working Papers.
RePEc:nip:nipewp:09/2008.

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  1. An Estimated DSGE Model of the Indian Economy.. (2011). Yang, Bo ; Pearlman, Joseph ; Levine, Paul ; Gabriel, Vasco.
    In: Working Papers.
    RePEc:npf:wpaper:11/95.

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  2. Interest Rate Smoothing and Calvo-Type Interest Rate Rules: A Comment on Levine, McAdam, and Pearlman (2007). (2011). McAdam, Peter ; Torstensen, Kjersti Nass ; Roislanda, istein ; Bache, Ida Wolden.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2011:q:3:a:3.

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References

References cited by this document

  1. E2] Batini, N., Justiniano, A., Levine, P. and Pearlman, J. (2006), Robust inflation-forecastbased rules to shield against indeterminacy, Journal of Economic Dynamics and Control, 30, 1491-1526.

  2. E3] Batini, N. and Nelson, E. (2001), Optimal horizons for inflation targeting, Journal of Economic Dynamics and Control, 25, 891-910.

  3. E4] Calvo, G. A. (1983), Staggered Prices in a Utility-Maximizing Framework, Journal of Monetary Economics, 12, 383-98.

  4. E6] Clarida, R., Gali, J. and Gertler, M. (2000), Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory, Quarterly Journal of Economics, 115, 147-180 4Full results are available upon request.

  5. E7] Giannoni, M. P and Woodford, M. (2003), How Forward-Looking is Optimal Monetary Policy?, Journal of Money, Credit and Banking, 35, 1425-1469.

  6. E8] Levin, A., Wieland, V.. and Williams, J. C. (2003), The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty, American Economic Review, 93, 622645.

  7. E9] Levine, P., McAdam, P. and Pearlman, J. (2007), Inflation Forecast Rules and Indeterminacy: A Puzzle and a Resolution, International Journal of Central Banking, 3, 77-110.

  8. El] Andrews, D. W. K. (1991), Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator, Econometrica, 59, 817-858.

  9. Eli] Orphanides, A. (2001), Monetary Policy Rules Based on Real Time Data, American Economic Review, 91, 964-985.

  10. ES] Clarida, R., Gali, J. and Gertler, M. (1998), Monetary policy rules in practice: some international evidence, European Economic Review, 42, 1033-1067.

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