Search ResultsShowing 1 - 10 of 14 results for "Taylor Rule"
Chief economist update: The back-to-back rate cuts Australia has to have
BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... expect one (to 0.75%) or two (to 0.50%) more interest rate reductions would do it. But what does the time-tested Taylor Rule - a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes ...
Chief economist update: Fed plans for Trump contingency
BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... (from 50.6% a day before the conclusion of the June FOMC meeting and a mere 8.6% a month ago). But what does the 'Taylor Rule' prescribe? For quick reference, here's Wikipedia's definition (yes, yes I know): "In economics, a Taylor rule ...
Chief economist update: The power of one
BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... from two rate HIKES to one rate HIKE to NONE. Financial Standard was also the first to prescribe that , based on the Taylor Rule, Australia's official cash rate should be 1% - two rate cuts - on February 6; three months before the RBA acknowledged ...
Chief economist update: Like Britney Spears, Financial Standard's done it again
BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... "Chief economist update: Cash rate should be 1%"! This was my piece published on 7 March 2019, based on the 'Taylor Rule' and plugging in Australia's growth and inflation parameters at the time. It took two months and a few days before Reserve ...
Chief economist update: Lock in two RBA rate cuts
BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... required level of interest rate for a given state of the economy. In the economics vernacular, this is known as the 'Taylor Rule' - a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response ...
Chief economist update: Cash rate should be 1%
BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... required level of interest rate for a given state of the economy. Plugging in growth and inflation, Australia's "Taylor Rule" measure says, that the official cash rates should be at 1.0%. The two rate cuts camp has it! New York Fed President John ...
Chief economist update: A prelude to a rate cut?
BENJAMIN ONG  |  FRIDAY, 7 DEC 2018
... value index has fallen by 5.7% in the year to November. I don't know if anyone out there still believes in the "Taylor Rule" but plugging in the recent domestic data - growth, inflation, interest rates - required by the rule in calculating the "appropriate ...
Chief economist update: The Goldilocks rate of interest
BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... neutral rate of interest that matters more - what is the signal the flattening yield curve is trying to convey? The Taylor Rule according to Wikipedia is "a reduced form approximation of the responsiveness of the nominal interest rate, as set by the ...
A matter of assumptions
BENJAMIN ONG  |  TUESDAY, 26 SEP 2017
... correct. Then again, the experts cold still change their minds as new data comes out. But for now, let's go back to the 'Taylor Rule' - "a reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes ...
Fed does the thinkable
BENJAMIN ONG  |  THURSDAY, 21 SEP 2017
... prove persistent" and if they do "it would require an alteration of monetary policy." This brings me way back to the "Taylor Rule". For quick reference, here's Wikipedia's definition (yes, yes I know): "In economics, a Taylor rule is a monetary-policy ...
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