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Thierfelder, Felix - Deutsche Bundesbank - 2012

Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up … during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not … need to provide longer-term liquidity. The paper asks what market failure central banks were addressing by intervening and …

Persistent link: https://www.econbiz.de/10010957159

Maturity shortening and market failure

Thierfelder, Felix - Deutsche Bundesbank - 2012

Persistent link: https://www.econbiz.de/10010535438

Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?

Scharnagl, Michael; Stapf, Jelena - Deutsche Bundesbank - 2014

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on options on the euro area harmonized index of consumer...

Persistent link: https://www.econbiz.de/10010957128

Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers

Leith, Campbell; von Thadden, Leopold - Deutsche Bundesbank - 2006

This paper develops a small New Keynesian model with capital accumulation and government debt dynamics. The paper discusses the design of simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption,...

Persistent link: https://www.econbiz.de/10005083241

Inflation, inflation expectations, and monetary policy - presentation at the Copper Development Association, Global Market Trends Conference, Oak Brook, Illinois, September 8, 2006

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2006

Understanding why the prices of commodities, like copper, increase or decrease is one of the many pieces of the puzzle that we as policymakers try to fit together to help us figure out how the economy and inflation will perform in the future. Inflation is what the Federal Reserve can control -...

Persistent link: https://www.econbiz.de/10010725701

The recovery and monetary policy, a speech presented to the Oberlin College Department of Economics, Oberlin, Ohio, on December 2, 2010

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2010

In a speech at Oberlin College, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto described the issues the Federal Reserve considers when making monetary policy decisions. She also gave her outlook on the economy and discussed why she decided that purchasing additional Treasury...

Persistent link: https://www.econbiz.de/10010725702

The Fed and the economy: lessons from Milton Friedman

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2012

Persistent link: https://www.econbiz.de/10010725703

Monetary policy in challenging times; a speech given at the Economic Research Institute of Erie (ERIE), Pennsylvania State University-Erie, July 17, 2012

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2012

Persistent link: https://www.econbiz.de/10010725704

My perspective on current monetary policy, a speech presented at Case Western Reserve University, Cleveland, Ohio, on November 18, 2010

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2010

In a speech at Case Western Reserve University, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto discussed how the recovery is unfolding, focusing on the stubborn nature of high unemployment and her concern about our uncomfortably low rate of inflation. She also explained why...

Persistent link: https://www.econbiz.de/10010725707

Economic forecasts and monetary policy presentation to the Cleveland Association for Business Economics (CABE), Cleveland, Ohio, February 13, 2006

Pianalto, Sandra - Federal Reserve Bank of Cleveland - 2006

I would like to share with you some of my thoughts about economic forecasts and monetary policy. I will begin with some comments about the economy's recent performance and the outlook for 2006. Next, I will explain why making sound policy decisions requires me to think about both the demand and...

Persistent link: https://www.econbiz.de/10010725709