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Nonlinear Monetary Policy Rules: Some New Evidence for the U.S.

✍ Scribed by Dolado, Juan; Pedrero, Ramón María-Dolores; Ruge-Murcia, Francisco J.


Book ID
121840517
Publisher
The Berkeley Electronic Press,Walter de Gruyter GmbH & Co. KG
Year
2004
Tongue
English
Weight
502 KB
Volume
8
Category
Article
ISSN
1081-1826

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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