Are contemporary central banks transparent about economic models and objectives and what difference does it make? - commentary

Monetary policy ; Econometric models ; Banks and banking, Central

Monetary targeting and inflation: 1976-1984

Inflation (Finance) ; Monetary policy - United States ; Money supply

Measuring money

Monetary policy - United States ; Money supply

Monetary Information and Interest Rates

A model of interest rate movements in response to new information on the money stock is developed.The model, which incorporates several earlier approaches as special cases, makes explicit the manner in which estimated interest rate responses to money surprises depend on the relative variances of nominal and real disturbances, as well as on the monetary authority's policy and the credibility of that policy.

Precautionary policies

The research literature in economics has explored the task of decision making under uncertainty and has developed theories about "precautionary" policies and "robust" policies. This Economic Letter summarizes some of the latest results and debates in this literature.Monetary policy ; Forecasting ; Risk

Three questions concerning nominal and real interest rates

Interest rates ; Monetary policy - United States

Interest rate smoothing

Interest rates ; Monetary policy - United States

Testing for Real Effects of Monetary Policy Regime Shifts

Huizinga and Mishkin (1986) have recently proposed a simple method for testing whether monetary policy regime changes have affected the ex-ante real rate of interest. This paper shows that care must be taken in choosing the set of variables on which to project the ex-post real rate if inferences about the ex-ante real rate are to be drawn. It is shown that Huizinga. and Mishkin's tests cannot distinguish between shifts in the real rate process and shifts in the inflation process.

Monetary policy in New Zealand

New Zealand ; Monetary policy - New Zealand ; Financial institutions - New Zealand