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Campo DC | Valor | Lengua/Idioma |
---|---|---|
dc.contributor.author | María-Dolores Pedrero, Ramón | - |
dc.contributor.author | Vázquez, Jesús | - |
dc.contributor.author | Londoño, Juan M. | - |
dc.contributor.other | Departamentos y Servicios::Departamentos de la UMU::Fundamentos del Análisis Económico | en_EN |
dc.date.accessioned | 2009-06-23T14:00:15Z | - |
dc.date.available | 2009-06-23T14:00:15Z | - |
dc.date.created | 2009-06 | - |
dc.date.issued | 2009-06-23T14:00:15Z | - |
dc.identifier.uri | http://hdl.handle.net/10201/4699 | - |
dc.description.abstract | The term spread may play a major role in a monetary policy rule whenever data revisions of output and inflation are not well behaved. In this paper we use a structural approach based on the indirect inference principle to estimate a standard version of the New Keynesian Monetary (NKM) model augmented with term structure using both revised and real-time data. The estimation results show that the term spread becomes a significant determinant of the U.S. estimated monetary policy rule when revised and real-time data of output and inflation are both considered. | en_EN |
dc.format | application/pdf | es |
dc.format.extent | 40 | en_EN |
dc.language | eng | en_EN |
dc.relation.ispartof | Proyecto de investigación: | en_EN |
dc.relation.ispartofseries | WP-UMUFAE | en_EN |
dc.relation.ispartofseries | 2009.06 | en_EN |
dc.rights | info:eu-repo/semantics/openAccess | es |
dc.subject | NKM model | en_EN |
dc.subject | Term structure | en_EN |
dc.subject | Indirect inference | en_EN |
dc.subject | Real-time and revised data | en_EN |
dc.subject | Monetary policy rule | en_EN |
dc.subject.other | CDU::3 - Ciencias sociales::33 - Economía::336 - Finanzas. Banca. Moneda. Bolsa | en_EN |
dc.title | On the informational role of term structure in the US monetary policy rule | en_EN |
dc.type | info:eu-repo/semantics/article | en_EN |
Aparece en las colecciones: | Informes o documentos de trabajo |
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WPUMUFAE.2009.06.pdf | 778,47 kB | Adobe PDF | Visualizar/Abrir |
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