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Monetary Policy Rules

Empirical Applications Based on Survey Data

by Dirk Bleich (Author)
©2012 Thesis 119 Pages

Summary

This work provides different studies of how econometric evaluation of monetary policy based on forward-looking Taylor rules is conducted. The first part discusses theoretical results regarding the Taylor principle and can be used as a guideline for the evaluation of the following three empirical applications based on survey data of Consensus Economics. The first application deals with the question whether the introduction of inflation targeting affects monetary policy. The second application investigates the consequences of oil price movements for monetary policy. The third application analyzes monetary policy conditions in Spain before and after the changeover to the Euro by estimating forward-looking Taylor rules.

Details

Pages
119
Publication Year
2012
ISBN (PDF)
9783653017045
ISBN (Hardcover)
9783631616581
DOI
10.3726/978-3-653-01704-5
Language
English
Publication date
2012 (July)
Keywords
Taylor Regeln New-Keynesian model Inflation oil price Euro Spanish housing bubble Geldtheorie- und Politik
Published
Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2012. 119 pp., 10 tables, 20 graphs

Biographical notes

Dirk Bleich (Author)

Dirk Bleich studied Economics at the University of Göttingen. He graduated in 2007 as a Diplom-Volkswirt and worked as a research assistant at the WHU – Otto Beisheim School of Management, chair of Macroeconomics and International Relations. During this time he wrote this dissertation. Since 2011 the author has been working with the Deutsche Bundesbank at the International Financial System Division.

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Title: Monetary Policy Rules