We examine whether and how selected central banks responded to episodes of financial
stress over the last three decades. We employ a recently developed monetary-policy rule …

We present the first assessment of US monetary policy across time and frequencies within
the Taylor Rule framework. We derive a novel wavelet tool—the partial wavelet gain—to …

出具有非线性非对称反应的实际背景, 分别以经济增长率和通胀率为阈值变量建立非线性货币
政策反应函数, 估计结果表明:(1) 我国货币政策对通胀和产出的反应随着预期的通胀率和经济 …

We study fiscal behaviour and the sovereign yield curve in the US and Germany. We obtain
the latent factors, level, slope and curvature, with the Kalman filter, and use them in a VAR …

This paper examines the interactions between fiscal and monetary policy for some former
transition, emerging European economies over the 1995Q1–2010Q4 period by using a …

This paper studies the nonlinear adjustment between industrial production and carbon
prices–coined as 'the carbon-macroeconomy relationship'–in the EU 27. We model carbon …

Although the effects of economic news announcements on asset prices are well established,
these relationships are unlikely to be stable. This paper documents the time variation in the …

The interplay between policy-setting by the Federal Reserve and inflation is explored during
a period with significant and diverse episodes from 1979 onwards. Our unrestricted …

We explore whether the ECB's interest rate setting behaviour changed during the financial
crisis by estimating reaction functions over the period 1999–2010, allowing for a smooth …

We estimate monetary policy rules for six Central and Eastern European Countries (CEEC)
during the period when they prepared for membership to the EU and monetary union. By …