| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2428 |
| DP2428 Continuous Training In Germany | |
| Jorn-Steffen Pischke | |
| 发表日期 | 2000-04-28 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper investigates the possible existence of asymmetric effects in the response of four central banks to inflation and output gaps as regards the 'sign' and 'size' of those gaps. The evidence obtained both through the estimation of a generalized Taylor rule and an ordered probit model points out that most central banks show a stronger reaction to inflation upswings relative to downswings. However, except for the Federal Reserve, no asymmetric behaviour with respect to the output gap is found. |
| 主题 | International Macroeconomics |
| 关键词 | Asymmetries Ordered probit models Taylor rules |
| URL | https://cepr.org/publications/dp2428 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531511 |
| 推荐引用方式 GB/T 7714 | Jorn-Steffen Pischke. DP2428 Continuous Training In Germany. 2000. |
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