Similar Search Results

What measure of inflation should a central bank target?

Mankiw, Nicholas Gregory; Reis, Ricardo - 2002

Persistent link: https://www.econbiz.de/10001720604

Optimal central bank design : benchmarks for the ECB

Berger, Helge (contributor) - 2006

The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A …

Persistent link: https://www.econbiz.de/10003301388

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Financial spillovers and macroprudential policies

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2017

Persistent link: https://www.econbiz.de/10011784911

Three current account balances : a "semi-structuralist" interpretation

Chinn, Menzie David; Yi, Chae-u - 2005

Persistent link: https://www.econbiz.de/10003240217

A sticky-information general-equilibrium model for policy analysis

Reis, Ricardo - 2009

Persistent link: https://www.econbiz.de/10003815330

China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration

Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...

Persistent link: https://www.econbiz.de/10011514149

QE in the future : the central bank' s balance sheet in a fiscal crisis

Reis, Ricardo - 2016

Persistent link: https://www.econbiz.de/10011521460

Does conservatism matter? : a time series approach to central banking

Berger, Helge; Woitek, Ulrich - 1999

The empirical literature on central banking has found measures of central bank independence/conservatism to be …. We find that an increase in central bank conservatism leads to higher short-term interest rates and a more activist … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …

Persistent link: https://www.econbiz.de/10009781685

Optimal central bank conservatism and monopoly trade unions

Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2001

welfare gain associated with making the central bank less conservative than society, however if the outside option is in real … of central bank conservatism. …

Persistent link: https://www.econbiz.de/10011397779