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Monetary policy and macroeconomic factors : Japan versus the US and the euro area
Siklos, Pierre L. - In: Asia and the global economy : AGE 3 (2023) 2, pp. 1-8
Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I … revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area … response does differ across the economies examined. Japan may not be like other systemically important economies in all …
Persistent link: https://www.econbiz.de/10014447638
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Looking through and past COVID-19 : do spillovers matter? : study requested by the ECON committee
Siklos, Pierre L. - Europäisches Parlament / Policy Department for … - 2021
Persistent link: https://www.econbiz.de/10012619406
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Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective
Bordo, Michael D. - 2014
This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold...
Persistent link: https://www.econbiz.de/10013043621
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Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?
Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20
This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the … parallels. It is found that the poor reputation of the Bank of Japan (BoJ) is, at times, underserved. To be sure, there were …
Persistent link: https://www.econbiz.de/10012816140
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Central banks : evolution and innovation in historical perspective
Bordo, Michael D.; Siklos, Pierre L. - 2017
Persistent link: https://www.econbiz.de/10011743548
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Central Banks : Evolution and Innovation in Historical Perspective
Bordo, Michael D. - 2017
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012453864
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Central Bank Credibility : An Historical and Quantitative Exploration
Bordo, Michael D. - 2015
In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...
Persistent link: https://www.econbiz.de/10012457842
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Central Banks : Evolution and Innovation in Historical Perspective
Bordo, Michael D. - 2017
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012947026
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Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?
Siklos, Pierre L. - 2020
Persistent link: https://www.econbiz.de/10013454073
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Monetary Policy and Macroeconomic Factors Japan Versus the Us and the Euro Area
Siklos, Pierre L. - 2023
Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I … revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area … response does differ across the economies examined. Japan may not be like other systemically important economies in all …
Persistent link: https://www.econbiz.de/10014354200