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Replication data for: Monetary Policy Rules and Macroeconomic Stability: Some New Evidence

Version
V0
Resource Type
Dataset
Creator
  • Mavroeidis, Sophocles
Publication Date
2010-03-01
Description
  • Abstract

    I revisit the question of indeterminacy in US monetary policy using limited-information identification-robust methods. I find that the conclusions of Clarida, Galí, and Gernter (2000) that policy was inactive before 1979 are robust, but the evidence over the Volcker-Greenspan periods is inconclusive. I show that this is in fact consistent with policy being active over that period. Problems of identification also arise because policy reaction has been more gradual recently. At a methodological level, the paper demonstrates that identification issues should be taken seriously, and that identification-robust methods can be informative even when they produce wide confidence sets. (E31, E32, E52, E65,)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.100.1.491 (Text)
Publications
  • Mavroeidis, Sophocles. “Monetary Policy Rules and Macroeconomic Stability: Some New Evidence.” American Economic Review 100, no. 1 (March 2010): 491–503. https://doi.org/10.1257/aer.100.1.491.
    • ID: 10.1257/aer.100.1.491 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Mavroeidis, Sophocles (2010): Replication data for: Monetary Policy Rules and Macroeconomic Stability: Some New Evidence. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112332