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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.

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Policy interia hypothesis or unobserved variable hypothesis in Taiwan¡¦s Interest-rate rule?

Shiu, Kai-hung 29 June 2011 (has links)
This paper adopts an modle with endogenous variable to investigates policy inertia hypothesis or unobserved variable hypothesis in Taiwan¡¦s interest-rate rule 1981- 2010. Empirical result suggests that both policy inertia and omitted variable hypothesis are important in monetary policy in Taiwan,which is consistent with that of Gerlach- Kristen (2004).
Taylor rule
monetary rule
policy inertia hypothesis
unobserved variables hypothesis
endogenous variable

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