scholarly journals Monetary Policy Rules Based on Real-Time Data

1998 ◽  
Vol 1998 (03) ◽  
pp. 1-41 ◽  
Author(s):  
Athanasios Orphanides ◽  
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Time Data ◽  
Policy Rules ◽  
Monetary Policy Rules ◽  
Real Time Data

scholarly journals Monetary Policy Rules Based on Real-Time Data

2001 ◽  
Vol 91 (4) ◽  
pp. 964-985 ◽  
Author(s):  
Athanasios Orphanides
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Federal Reserve ◽  
Policy Recommendations ◽  
Time Data ◽  
Policy Makers ◽  
Policy Rules ◽  
Monetary Policy Rules ◽  
Reaction Functions ◽  
Ex Post

This paper examines the magnitude of informational problems associated with the implementation and interpretation of simple monetary policy rules. Using Taylor's rule as an example, I demonstrate that real-time policy recommendations differ considerably from those obtained with ex post revised data. Further, estimated policy reaction functions based on ex post revised data provide misleading descriptions of historical policy and obscure the behavior suggested by information available to the Federal Reserve in real time. These results indicate that reliance on the information actually available to policy makers in real time is essential for the analysis of monetary policy rules. (JEL E52, E58)

Monetary Policy and Real-Time Data: The Case of Europe, Asia and the US

2006 ◽  
pp. 165-182
Author(s):  
Franz Seitz ◽  
Christina Gerberding ◽  
Andreas Worms
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Time Data ◽  
The Us ◽  
Real Time Data

scholarly journals Real-Time Data for Norway: Challenges for Monetary Policy

2004 ◽  
Author(s):  
Tom Bernhardsen ◽  
Oyvind Eitrheim ◽  
Anne Sofie Jore ◽  
Øistein Røisland
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Time Data ◽  
Real Time Data

scholarly journals Real-time data for Norway: Challenges for monetary policy

2005 ◽  
Vol 16 (3) ◽  
pp. 333-349 ◽  
Author(s):  
Tom Bernhardsen ◽  
Øyvind Eitrheim ◽  
Anne Sofie Jore ◽  
Øistein Røisland
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Time Data ◽  
Real Time Data

Real-time data and monetary policy

2005 ◽  
Vol 16 (3) ◽  
pp. 271-276 ◽  
Author(s):  
Heinz Herrmann ◽  
Athanasios Orphanides ◽  
Pierre L. Siklos
Keyword(s):  
Monetary Policy ◽  
Real Time ◽  
Time Data ◽  
Real Time Data
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