How to cite this paper
Gan, P., Yee, K., Hadi, F & Jalil, N. (2019). Monetary policy reaction function and external economic uncertainty: evidence from 30 selected countries.Management Science Letters , 9(8), 1207-1220.
Refrences
Falahi, M. A., & Hajamini, M. (2015). Relationship between Inflation and Inflation Uncertainty in Iran: An Application of SETAR-GARCH Model. Journal of Money and Economy, 10(2), 69-91.
Ben-Haim, Y., Demertzis, M., Den End, V., & Willem, J. (2017). Fundamental uncertainty and uncon-ventional monetary policy: an info-gap approach. Bruegel Working Paper Issue 1/2017.
Bernanke, B. S. (2010). Implications of the financial crisis for economics: a speech at the Conference Co-sponsored by the Center for Economic Policy Studies and the Bendheim Center for Finance, Princeton University, Princeton, New Jersey, September 24, 2010 (No. 544).
Bianchi, P., & Deschamps, B. (2018). The effectiveness of exchange-rate-based monetary policy: evi-dence from survey data. Applied Economics Letters, 25(18), 1261-1265.
Black, J., Hashimzade, N., & Myles, G. (2017). A Dictionary of Economics. United Kingdom: Oxford University Press.
Christiano, L. J., & Gust, C. J. (1999). Taylor rules in a limited participation model. De Econo-mist, 147(4), 437-460.
Cioran, Z. (2014). Monetary policy, inflation and the causal relation between the inflation rate and some of the macroeconomic variables. Procedia Economics and Finance, 16, 391-401.
Fatima, N. (2010). Analysing the terms of trade: effect for Pakistan (PIDE Working Papers No. 2010:59). Islamabad: Pakistan Institute of Development Economics.
Funke, N., Granziera, E., & Imam, P. (2008). Terms of trade shocks and economic recovery (IMF Work-ing Paper WP/08/36). Washington: International Monetary Fund.
Gan, P. T. (2014). The optimal economic uncertainty index: A grid search application. Computational Economics, 43(2), 159-182.
Glas, A. and Hartmann, M. (2016). Inflation uncertainty, disagreement, and monetary policy: Evidence from the ECB survey of professional forecasters. Journal of Empirical Finance, 39, 215-228.
Hausman, J. A. (1978). Specification Tests in Econometric. Econometrica, 46(6), 1251-1271.
Knight, F. H. (1921). Risk, uncertainty and profit. Boston: Mifflin.
Kuper, G. H. (2018). The powers that are: central bank independence in the Greenspan era. Empirical Economics, 54, 485-499
Mishkin, F. S. (2002). The role of output stabilization in the conduct of monetary policy (NBER Work-ing Paper No. 9291). MA: National Bureau of Economic Research.
Orphanides, A., & Norden, S. V. (2002). The unreliability of output-gap estimates in real time. The Re-view of Economics and Statistics, 84(4), 569-583.
Papageorgiou, T., Michaelides, P. G. and Tsionas, E. G. (2016). Business cycle determinants and fiscal policy: a panel ARDL approach for EMU. The Journal of Economic Asymmetries, 13, 57-68.
Pesaran, M. H., Shin, Y., & Smith, R. P. (1999). Pooled mean group estimation of dynamic heterogene-ous panels. Journal of the American Statistical Association, 94(446), 621-634.
Salunkhe, B., & Patnaik, A. (2017). The impact of monetary policy on output and inflation in India: a frequency domain analysis. Economic Annals, 62(212), 113-154.
Sauer, C., & Bohara, A. K. (1995). Monetary policy and inflation uncertainty in the United States and Germany. Southern Economic Journal, 62(1), 139-163.
Smets, F. (2002). Output gap uncertainty: does it matter for the Taylor rule?. Empirical Economics, 27, 113-129.
Sturm, J. E., & Haan, J. D. (2011). Does central bank communication really lead to better forecast of policy decisions? New evidence based on a Taylor rule model for the ECB. Review of World Eco-nomics, 147, 41-58.
Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnigie-Rochester Conference Series on Public Policy, 39, 195-214.
Taylor, J. B. (2000). Alternative views of the monetary transmission mechanism: What difference do they make for monetary policy?. Presented at the Central Bank of Chile.
Ben-Haim, Y., Demertzis, M., Den End, V., & Willem, J. (2017). Fundamental uncertainty and uncon-ventional monetary policy: an info-gap approach. Bruegel Working Paper Issue 1/2017.
Bernanke, B. S. (2010). Implications of the financial crisis for economics: a speech at the Conference Co-sponsored by the Center for Economic Policy Studies and the Bendheim Center for Finance, Princeton University, Princeton, New Jersey, September 24, 2010 (No. 544).
Bianchi, P., & Deschamps, B. (2018). The effectiveness of exchange-rate-based monetary policy: evi-dence from survey data. Applied Economics Letters, 25(18), 1261-1265.
Black, J., Hashimzade, N., & Myles, G. (2017). A Dictionary of Economics. United Kingdom: Oxford University Press.
Christiano, L. J., & Gust, C. J. (1999). Taylor rules in a limited participation model. De Econo-mist, 147(4), 437-460.
Cioran, Z. (2014). Monetary policy, inflation and the causal relation between the inflation rate and some of the macroeconomic variables. Procedia Economics and Finance, 16, 391-401.
Fatima, N. (2010). Analysing the terms of trade: effect for Pakistan (PIDE Working Papers No. 2010:59). Islamabad: Pakistan Institute of Development Economics.
Funke, N., Granziera, E., & Imam, P. (2008). Terms of trade shocks and economic recovery (IMF Work-ing Paper WP/08/36). Washington: International Monetary Fund.
Gan, P. T. (2014). The optimal economic uncertainty index: A grid search application. Computational Economics, 43(2), 159-182.
Glas, A. and Hartmann, M. (2016). Inflation uncertainty, disagreement, and monetary policy: Evidence from the ECB survey of professional forecasters. Journal of Empirical Finance, 39, 215-228.
Hausman, J. A. (1978). Specification Tests in Econometric. Econometrica, 46(6), 1251-1271.
Knight, F. H. (1921). Risk, uncertainty and profit. Boston: Mifflin.
Kuper, G. H. (2018). The powers that are: central bank independence in the Greenspan era. Empirical Economics, 54, 485-499
Mishkin, F. S. (2002). The role of output stabilization in the conduct of monetary policy (NBER Work-ing Paper No. 9291). MA: National Bureau of Economic Research.
Orphanides, A., & Norden, S. V. (2002). The unreliability of output-gap estimates in real time. The Re-view of Economics and Statistics, 84(4), 569-583.
Papageorgiou, T., Michaelides, P. G. and Tsionas, E. G. (2016). Business cycle determinants and fiscal policy: a panel ARDL approach for EMU. The Journal of Economic Asymmetries, 13, 57-68.
Pesaran, M. H., Shin, Y., & Smith, R. P. (1999). Pooled mean group estimation of dynamic heterogene-ous panels. Journal of the American Statistical Association, 94(446), 621-634.
Salunkhe, B., & Patnaik, A. (2017). The impact of monetary policy on output and inflation in India: a frequency domain analysis. Economic Annals, 62(212), 113-154.
Sauer, C., & Bohara, A. K. (1995). Monetary policy and inflation uncertainty in the United States and Germany. Southern Economic Journal, 62(1), 139-163.
Smets, F. (2002). Output gap uncertainty: does it matter for the Taylor rule?. Empirical Economics, 27, 113-129.
Sturm, J. E., & Haan, J. D. (2011). Does central bank communication really lead to better forecast of policy decisions? New evidence based on a Taylor rule model for the ECB. Review of World Eco-nomics, 147, 41-58.
Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnigie-Rochester Conference Series on Public Policy, 39, 195-214.
Taylor, J. B. (2000). Alternative views of the monetary transmission mechanism: What difference do they make for monetary policy?. Presented at the Central Bank of Chile.