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general and prove detrimental to macroeconomic stability. …
Persistent link: https://www.econbiz.de/10005292507
stability. By contrast, stabilisation of the nominal exchange rate induces excess volatility in general. …
Persistent link: https://www.econbiz.de/10005292512
We evaluate two main views on pursuing financial stability within a flexible inflation targeting regime. It appears that potential gains from an activist or precautionary approach to promoting financial stability are highly shock dependent. We find support for the conventional view that concern...
Persistent link: https://www.econbiz.de/10005292513
This paper provides a general strategy for analyzing monetary policy in real time which accounts for data uncertainty …
Persistent link: https://www.econbiz.de/10008854448