Author/Editor: Douglas Laxton, Alasdair Scott, David Rose.

Release Date:March, 2009

This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the more...

Author/Editor: Dennis P J Botman, David Rose, Douglas Laxton, Philippe D Karam.

Release Date:August, 2007

Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the more...

Author/Editor: Eyal Argov, David Rose, Philippe D Karam, Natan P Epstein, Douglas Laxton.

Release Date:August, 2007

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation-output process that arise from convexity in the Phillips curve and endogenous monetary more...

Author/Editor: Peter B Clark, Douglas Laxton, David Rose.

Release Date:August, 1995

This paper develops a small model of the output-inflation process in the United States in order to examine the implications of alternative monetary policy rules. In particular, two types of policy more...

Author/Editor: Douglas Laxton, Peter B Clark, David Rose.

Release Date:August, 1995

This paper presents empirical evidence supporting the proposition that there is a significant asymmetry in the U.S. output-inflation process, which implies that excess demand conditions are much more more...

Author/Editor: Douglas Laxton, Guy Meredith, David Rose.

Release Date:November, 1994

This paper examines the evidence on asymmetries in the effects of activity on inflation. Data for the G-7 countries are found to strongly support the view that the inflation-activity relationship is more...