References contributed by pkn18-24829
Aksoy, Y., Orphanides, A., Small, D., Weiland, V., & Wilcox, D. (2006). A quantitative exploration of the opportunistic approach to disináation. Journal of Monetary Economics, 53, 1877-1893.
Aron, J., & Muellbauer, J. (2000). Estimating monetary policy rules for South Africa. Working Papers Central Bank of Chile 89, Central Bank of Chile.
Bec, F., Ben, S., & Collard, F. (2002). Asymmetries in monetary policy reaction function: Evidence for US, French and German central banks. Studies in Nonlinear Dynamics and Econometrics, 6, Article 3.
Bernanke, B., Gertler, M. (2001). Should Central Banks Respond to Movements in Asset Prices? American Economic Review, 91, 253-257.
Boinet, V., & Martin, C. (2008). Targets, Zones and Asymmetries: A Flexible Nonlinear Model of Recent UK Monetary Policy. Oxford Economic Papers, 60, 423-439.
- BomÖmm, A., & Rudebusch, G. (2000). Opportunistic and deliberate disináation under imperfect credibility. Journal of Money, Credit, and Banking, 32, 707-721.
Paper not yet in RePEc: Add citation now
Busetti, F., Marcucci, J., & Veronese, G. (2009). Comparing Forecast Accuracy: A Monte Carlo investigation. Bank of Italy Working Paper 2009.
Castro, V. (2008). Are central banks following a linear or nonlinear (augmented) Taylor rule? The Warwick Economics Research Paper Series (TWERPS) 872, University of Warwick, Department of Economics.
Clarida, R., Gali, J., & Gertler, M. (2000). Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics, CXV , 147ñ180.
- Clark, T. (1999). Finite-sample properties of tests for equal forecast accuracy. Journal of Forecasting, 18, 429-450.
Paper not yet in RePEc: Add citation now
Clark, T., & McCracken, M. (2005). Evaluating direct multistep forecasts. Econometric Reviews, 24, 369-404.
Clark, T., & West, K. (2007). Approximately normal tests for equal predictive accuracy in nested models. Journal of Econometrics, 138, 291-311.
Clements, M., & Smith, J. (1997). The performance of alternative forecasting methods for SETAR models. International Journal of Forecasting, 3, 463-475.
Cukierman, A., & Muscatelli, A. (2008). Nonlinear Taylor rules and asymmetric prefer-ences in central banking: Evidence from the United Kingdom and the United States. The B.E. Journal of Macroeconomics, 8, 977-997.
DÃAgostino, A., & Surico, P. (2009). Does global liquidity help to forecast US ináation?. Journal of Money, Credit and Banking, 41, 479-489.
- De Grauwe, P. (2007). Central banks should prick asset bubbles. Article in The Financial Times, Nov 1, 2007.
Paper not yet in RePEc: Add citation now
Demertzis M, Viegi N 2009.ìInáation Targeting: A Framework for Communication,îThe B.E. Journal of Macroeconomics, Vol 9(1).
Diebold, F., & Mariano, S. (1995). Comparing predictive accuracy. Journal of Business and Economics Statistics, 13, 253-263.
- Dolado, J., Maria Dolores, R., & Naveira, M. (2005). Are monetary policy reaction functions asymmetric? European Economic Review, 49, 485ñ503.
Paper not yet in RePEc: Add citation now
Hall, P., Racine, J., & Li, Q. (2004). Cross-validation and the estimation of conditional probability densities. Journal of the American Statistical Association, 99, 1015ñ1026.
Harvey, D., Leybourne, S., & Newbold, P. (1997). Testing the equality of prediction mean squared errors. International Journal of Forecasting, 13, 281-291.
HayÖeld, T., & Racine, J. (2008). Nonparametric econometrics: The np package. Journal of Statistical Software, 27, 5, 1-32.
Hayat, A., & Mishra, S. (2010). Federal Reserve monetary policy and the nonlinearity of the Taylor rule. Economic Modelling, 27, 1292-1301.
Hurvich, C., Simono§, J., & Tsai, C. (1998). Smoothing parameter selection in non-parametric regression using an improved Akaike information criterion. Journal of the Royal Statistical Society Series B, 60, 271ñ293.
Jonsson, G. (2001). Ináation, money demand, and purchasing power parity in South Africa. IMF Sta§ Papers, 48, No. 2.
- King, M. (1996). How should central banks reduce ináation? - Conceptual Issues. Eco-nomic Review Federal Reserve Bank of Kansas City, 81, 25-52.
Paper not yet in RePEc: Add citation now
Knedlik, T. (2006). Estimating monetary policy rules for South Africa. South African Journal of Economics, 74, 629-641.
- Layard, R., Nickell, S., & Jackman, R. (1991). Unemployment. Oxford: Oxford Univer-sity Press.
Paper not yet in RePEc: Add citation now
- Li, Q., & Racine, J. (2004). Cross-validated local linear nonparametric regression. Sta-tistica Sinica, 14, 485ñ512.
Paper not yet in RePEc: Add citation now
Martin, C., Milas, C. (2004). Modelling monetary policy: ináation targeting in practice. Economica, 71, 209-221.
Martin, C., Milas, C. (2010). Testing the opportunistic approach to monetary policy. Manchester School, 78, 110-125.
- Mboweni, T. (2008). Origins and Causes of the Recent Financial Market Turbulence and its Implications for the CMA. Public Lecture delivered in Windhoek, Namibia.
Paper not yet in RePEc: Add citation now
McCracken, M. (2007). Asymptotics for out of sample tests of Granger causality. Journal of Econometrics, 140, 719-752.
Mishkin, F. (2008). How Should we respond to asset price bubbles? Speech at the Wharton Financial Institutions Center and Oliver Wyman InstituteÃs Annual Financial Risk Roundtable, Philadelphia, Pennsylvania.
- Mminele, A. (2009). Recent economic developments in South Africa. Remarks at the Citigroup Global Issues Seminar, The Ritz Carlton Hotel, Istanbul, Turkey.
Paper not yet in RePEc: Add citation now
Moura, M., & de Carvalho, A. (2010). What can Taylor rules say about monetary policy in Latin America?. Journal of Macroeconomics, 32, 392-404.
Naraidoo, R, & Paya, I. (2009). Forecasting monetary policy rules in South Africa. Working paper No 200926, Department of Economics, University of Pretoria.
Naraidoo, R., & Gupta, R. (2009). Modelling monetary policy in South Africa: Focus on ináation targeting era using a simple learning rule. University of Pretoria, mimeo.
Nobay, A., Peel, D. (2003). Optimal discretionary monetary policy in a model of asym-metric central bank preferences. Economic Journal, 113, 657-665.
Qin, T., & Enders, W., (2008). In-sample and out-of-sample properties of linear and nonlinear Taylor rules. Journal of Macroeconomics, 30, 428-443.
Robinson, P. (1988). Root-N consistent semiparametric regression. Econometrica, 56, 931ñ954.
Rogo§, K., & Stavrakeva, V. (2008). The continuing puzzle of short-horizon exchange rate forecasting. NBER Working Paper 14071.
- Schaling, E. (2004). The nonlinear Phillips curve and ináation forecast targeting: Sym-metric versus asymmetric monetary policy rules. Journal of Money, Credit, and Banking, 36, 361-386.
Paper not yet in RePEc: Add citation now
Surico, P. (2007). The FedÃs monetary policy rule and U.S. ináation: The case of asym-metric preferences. Journal of Economic Dynamics and Control, 31, 305-324.
- Walsh, C. (2009). Using monetary policy to stabilize economic activity. Financial Sta-bility and Macroeconomic Policy, Federal Reserve Bank of Kansas City, Jackson Hole Sym-posium, 245-296.
Paper not yet in RePEc: Add citation now
West, K. (1996). Asymptotic inference about predictive ability. Econometrica, 64, 1067ñ 1084.
- West, K. (2006). Forecast Evaluation. In Handbook of Economic Forecasting, eds. Elliot G, Granger CWJ, and Timmerman A, London: North Holland, Vol. 1.
Paper not yet in RePEc: Add citation now
- Woglom, G. (2003). How has ináation targeting a§ected monetary policy in South Africa? South African Journal of Economics, 71, 198-210.
Paper not yet in RePEc: Add citation now