skip to content
Empirical analysis of policy interventions Preview this item
ClosePreview this item
Checking...

Empirical analysis of policy interventions

Author: Eric Michael Leeper; Tao Zha; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2002.
Series: Working paper series (National Bureau of Economic Research), no. 9063.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: We construct linear projections of macro variables conditional on hypothetical paths of monetary policy, using as an example an identified VAR model. Hypothetical policies are restricted to ones where both the policy intervention and its impacts are consistent with history -- otherwise the linear projections are likely to be unreliable. We use the approach to interpret Federal Reserve decisions, modeling  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Eric Michael Leeper; Tao Zha; National Bureau of Economic Research.
OCLC Number: 50647250
Notes: "July 2002."
Description: 1 online resource (38 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 9063.
Responsibility: Eric M. Leeper, Tao Zha.

Abstract:

Abstract: We construct linear projections of macro variables conditional on hypothetical paths of monetary policy, using as an example an identified VAR model. Hypothetical policies are restricted to ones where both the policy intervention and its impacts are consistent with history -- otherwise the linear projections are likely to be unreliable. We use the approach to interpret Federal Reserve decisions, modeling their frequent reassessment in light of new information about the tradeoffs policymakers face. The interventions we consider matter: they can shift projected paths and probability distributions of macro variables in economically meaningful ways.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/50647250> # Empirical analysis of policy interventions
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
   library:oclcnum "50647250" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/3863794429#Place/cambridge_ma> ; # Cambridge, MA.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://id.worldcat.org/fast/1204155> ; # United States.
   schema:about <http://id.worldcat.org/fast/1025245> ; # Monetary policy--Mathematical models
   schema:about <http://id.loc.gov/authorities/subjects/sh2008107909> ; # Monetary policy--United States
   schema:about <http://id.loc.gov/authorities/subjects/sh2003010512> ; # Monetary policy--Mathematical models
   schema:about <http://id.worldcat.org/fast/1025230> ; # Monetary policy
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/50314001> ; # Tao Zha
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "2002" ;
   schema:creator <http://viaf.org/viaf/15708153> ; # Eric Michael Leeper
   schema:datePublished "2002" ;
   schema:description "Abstract: We construct linear projections of macro variables conditional on hypothetical paths of monetary policy, using as an example an identified VAR model. Hypothetical policies are restricted to ones where both the policy intervention and its impacts are consistent with history -- otherwise the linear projections are likely to be unreliable. We use the approach to interpret Federal Reserve decisions, modeling their frequent reassessment in light of new information about the tradeoffs policymakers face. The interventions we consider matter: they can shift projected paths and probability distributions of macro variables in economically meaningful ways."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/3863794429> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/3863794429#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/3863794429#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "Empirical analysis of policy interventions"@en ;
   schema:productID "50647250" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/50647250#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_2002> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/3863794429#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w9063> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/50647250> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/3863794429#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/3863794429#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/50647250> ; # Empirical analysis of policy interventions
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/3863794429#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/50647250> ; # Empirical analysis of policy interventions
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.loc.gov/authorities/subjects/sh2003010512> # Monetary policy--Mathematical models
    a schema:Intangible ;
   schema:name "Monetary policy--Mathematical models"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008107909> # Monetary policy--United States
    a schema:Intangible ;
   schema:name "Monetary policy--United States"@en ;
    .

<http://id.worldcat.org/fast/1025230> # Monetary policy
    a schema:Intangible ;
   schema:name "Monetary policy"@en ;
    .

<http://id.worldcat.org/fast/1025245> # Monetary policy--Mathematical models
    a schema:Intangible ;
   schema:name "Monetary policy--Mathematical models"@en ;
    .

<http://id.worldcat.org/fast/1204155> # United States.
    a schema:Place ;
   schema:name "United States." ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/15708153> # Eric Michael Leeper
    a schema:Person ;
   schema:familyName "Leeper" ;
   schema:givenName "Eric Michael" ;
   schema:name "Eric Michael Leeper" ;
    .

<http://viaf.org/viaf/50314001> # Tao Zha
    a schema:Person ;
   schema:familyName "Zha" ;
   schema:givenName "Tao" ;
   schema:name "Tao Zha" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.