Empirical evidence on the generalized Taylor principle

Mario Jovanović

Economics Letters, 2012, vol. 117, issue 1, 78-80

Abstract: This paper analyzes the trade-off between inflation and uncertainty stabilization in the US. GMM-results imply that the Fed does not deemphasize inflation stabilization in favor of uncertainty stabilization during the latest sub-prime crisis.

Keywords: Financial instability; Time-varying inflation sensitivity; vix (search for similar items in EconPapers)
JEL-codes: E44 E58 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:78-80

DOI: 10.1016/j.econlet.2012.04.088

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