- _________. 1997. A Core of practical macroeconomics. American Economic Review 87(2): 233–235.
Paper not yet in RePEc: Add citation now
- _________. 1999. The robustness and efficiency of monetary policy rules as guidelines for interest rate setting by the European Central Bank. Journal of Monetary Economics 43(3): 655–679.
Paper not yet in RePEc: Add citation now
Castro, V. 2008. Are Central Banks Following A Linear or Nonlinear (Augmented)Taylor Rule?Warwick: University of Warwick, Department of Economics.
Clarida, R, Jordi, G. and Gertler, M. 1998. Monetary policy rules in practice: Some international evidence. European Economic Review 42(6): 1033–1067.
Gerlach, S., & Schnabel, G. 2000. The Taylor rule and interest rates in the EMU area. Economics Letters: 165–171.
- Islam, M. S. 2000. Taylor Rule-based monetary policy for developing economies: A case study with Malaysia. International Review of Business Research Papers 7(1): 134–149.
Paper not yet in RePEc: Add citation now
- Judd, J. and Rudebusch, G. D. 1998. Taylor’s rule and the FED: 1970-1997. Federal Reserve Bank of San Francisco Economic Review 3: 3–16.
Paper not yet in RePEc: Add citation now
- Karim, Z. A., and Karim B. A. 2014. Interest rates targeting of monetary policy: An open economy SVAR study of Malaysia. Gadjah Mada International Journal of Business 16(1): 1–22.
Paper not yet in RePEc: Add citation now
- Khoury, S. S. 1990. The federal reserve reaction function: A specification search. In The Political Economy of American Monetary Policy, edited by, Thomas Mayer, 27-41. Cambridge: Cambridge University Press.
Paper not yet in RePEc: Add citation now
- McCallum, B. T. 1981. Price level determinacy with an interest rate policy rule and rational expectations. Journal of Monetary Economics 8(3): 319–329.
Paper not yet in RePEc: Add citation now
McCallum, B. T. and Nelson, E. 1999. Nominal income targeting in an open-economy optimizing model. Journal of Monetary Economics 43: 553–578.
- Meltzer, A. 1987. Limits on short-run stabilization policy. Economic Inquiry 25(1): 1–14.
Paper not yet in RePEc: Add citation now
Molodtsova, T., Nikolsko-Rzhevskyy, A. & Papell, D. 2008. Taylor rules with real-time data:Atale of two countries and one exchange rate. Journal of Monetary Economics :63-79.
Ncube and Tshuma. 2010. Monetary policy conduct based on nonlinear Taylor rule: Evidence from South Africa. Working Paper Series 250. African Development Bank Working Paper 113.
- Norlin Khalid* Zulkefly Abdul Karim** Izzuddin Yussof *** School of Economics Faculty of Economics and Management Universiti Kebangsaan Malaysia 43600 Bangi, Selangor D.E. MALAYSIA *nrlin@ukm.edu.my (corresponding author) ** zak1972@ukm.edu.my *** izzuddinyussof@gmail.com Hodrick, R. and Prescott, E. C. 1997. Postwar U.S. business cycles: An empirical investigation. Journal of Money, Credit and Banking.
Paper not yet in RePEc: Add citation now
Orphanides, A. 2003. Historical monetary policy analysis and the Taylor rule. Journal of Monetary Economics: 983–1022.
- Pei-Tha, G. and Han, Y. 2009. Optimal Islamic monetary policy rule for Malaysia: The Svensson’s approach.Asian Academy of Management Journal of Accounting and Finance 6(1): 1–24. Jurnal Ekonomi Malaysia 48(2)
Paper not yet in RePEc: Add citation now
Pei-Tha, G. and Kian-Teng, K. 2010. The monetary policy reaction function: Evidence from ASEAN-3. International Research Journal of Finance and Economics (30): 165–176.
Ramayandi, A. 2007. Approximating monetary policy: Case study for the ASEAN-5. Working Paper, Padjadjaran University.
Rudebusch, G. D., and Svensson, L. E. O. 1998. Policy rules for inflation targeting. NBER Conference on Monetary Policy Rules, January 16.
Smets, F. 2002. Output gap uncertainty: Does it matter for the Taylor rule? Empirical Economics: 113–129.
Taylor, J. B. 1993. Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy 39: 195–214.
Umezaki, S. 2007. Monetary policy in a small open economy: The case of Malaysia. The Developing Economies 45(4): 437–464.
Woodford, M. 2001. The Taylor rule and optimal monetary policy. American Economic Review: 232–237.
- Zaidi, M. A. S. and Fisher, L. A. 2010. Monetary policy and foreign shocks: A SVAR analysis for Malaysia. Korea and the World Economy 11(3): 527–550.
Paper not yet in RePEc: Add citation now