Showing 1 - 10 of 12
We discuss the evolution in macroeconomic thought on the monetary policy transmission mechanism and present related empirical evidence. The core channels of policy transmission — the neoclassical links between short-term policy interest rates, other asset prices such as long-term interest...
Persistent link: https://www.econbiz.de/10014025672
The world economy has experienced the largest financial crisis in generations, a global pandemic, and a resurgence in inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has important benefits and is the responsibility of a...
Persistent link: https://www.econbiz.de/10014512091
Persistent link: https://www.econbiz.de/10003962420
Persistent link: https://www.econbiz.de/10010461954
Persistent link: https://www.econbiz.de/10009788187
Persistent link: https://www.econbiz.de/10011787727
Persistent link: https://www.econbiz.de/10011878832
Persistent link: https://www.econbiz.de/10011366849
Instead of focusing the debate about the conduct of monetary policy on whether the normal exchange rate should be fixed or flexible, the focus should be on whether the monetary policy regime appropriately constrains discretion in monetary policymaking. Three frameworks deserve serious discussion...
Persistent link: https://www.econbiz.de/10010523951
Persistent link: https://www.econbiz.de/10013475753