Monetary policy reaction function: A Bayesian analysis for the BRICS
This study estimates the monetary policy reaction function (MPRF) in a Dynamic Stochastic
General Equilibrium (DSGE) framework using Bayesian analysis for the emerging …
General Equilibrium (DSGE) framework using Bayesian analysis for the emerging …
Credit frictions, fiscal imbalances, monetary policy autonomy, and monetary policy rules
The current study mathematically derives the monetary policy reaction function (MPRF) by
incorporating credit spreads, fiscal imbalances, and monetary policy autonomy. The policy …
incorporating credit spreads, fiscal imbalances, and monetary policy autonomy. The policy …