11) The principal issue in linking these estimated multipliers to the reduced-form fiscal multiplier relevant for the framework of section I is whether and to what extent the monetary policy reaction function in normal times differs from that in a depressed economy.
What does MPRF stand for?
MPRF stands for Monetary Policy Reaction Function (economics)
This definition appears rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MPRF
We have 6 other meanings of MPRF in our Acronym Attic
- Minimum Pure Radium Equivalent
- Mornington Peninsula Real Estate (Australia)
- Multistate Professional Responsibility Examination (National Conference of Bar Examiners)
- Male Pregnancy
- Modular Plasma Reactor Simulator
- Madhesi People's Right Forum
- Major Product Release Features (Lucent)
- Manta Pacific Research Foundation
- Maritime Patrol and Reconnaissance Forces
- Medium Pulse Repetition Frequency
- Montcalm Potato Research Farm (Michigan State University)
- Motion Picture Relief Fund
- Membrane Potential Related Fluorescence Intensity
- Macular Pigment Research Group
- Max-Planck Research Group
- Medieval Pottery Research Group (est. 1975; UK)
- Melbourne Packet Radio Group, Inc.
- Mobile and Portable Radio Research Group
- Mornington Peninsula Regional Gallery (Victoria, Australia)
- Moto Pompe Remorquable Grande Puissance (French: Moto Towable Great Power Pump; fire truck)
Samples in periodicals archive:
[FIGURE 1 OMITTED] ESTIMATING THE MONETARY POLICY REACTION FUNCTION The research plan involves estimating a hybrid McCallum-Taylor policy rule using vector autoregressions (VARs).
Monetary policy reaction functions summarize the importance that policymakers attach to policy objectives as well as their views on the structure of the economy.
[*] Rob Roy McGregort [+] We devise and apply a method for estimating, monetary policy reaction functions for individual members of the Federal Open Market Committee (FOMC) of the Federal Reserve.
In particular, I present and estimate a forward-looking monetary policy reaction function that predicts the actual path of the funds rate during most of the period from 1979 to 1997.
Indeed, a properly estimated monetary policy reaction function can provide useful information regarding such matters as to whether the Central Bank, in fact, has been systematically accommodating to the changes in the target variables.
First, in a theoretical study, I present the theoretical studies of Taylor (1994), Svensson (1997), and Ball (1999a) and investigate how the policy parameters in a Taylor monetary policy reaction function are related to the variability of output and inflation.
Variation in the monetary policy reaction function across subsamples may contri bute to this finding.