Monetary Policy in Times of Financial Stress.
| Data(s) |
07/10/2014
07/10/2014
01/07/2014
|
|---|---|
| Resumo |
Some studies argue that the Fed reacts to financial market developments. Using data covering the period 1985:Q1 - 2008:Q4 and employing an augmented Taylor rule specification, we re-examine that conjecture. We find that evidence in favour of such a reaction is largely driven by the Fed’s behaviour during the 2007-2008 financial crisis. |
| Identificador | |
| Idioma(s) |
en |
| Publicador |
University of Glasgow |
| Relação |
SIRE DISCUSSION PAPER;SIRE-DP-2014-027 |
| Palavras-Chave | #Monetary Policy #Taylor Rule #Financial Crisis |
| Tipo |
Working Paper |
