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Asymmetric effects in the Polish monetary policy rule

✍ Scribed by Sznajderska, Anna

Book ID: 121787916
Publisher: Elsevier Science
Year: 2014
Tongue: English
Weight: 351 KB
Volume: 36
Category: Article
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2013.09.045

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## Abstract This paper investigates the nature of nonlinearities in the monetary policy rule of the US Federal Reserve (Fed) using the flexible approach to nonlinear inference. We find that while there is significant evidence of nonlinearity for the period to 1979, there is little such evidence for