commitment outweigh welfare costs of central bank's inaction. Second, we solve for the optimal frequency of policy adjustment and …

This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy …

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …

central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …

central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …

central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …

. (3) The Central Bank should not record more government bonds than required for open market operations. Surplus bonds …

central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …

We are more than a little bit surprised at the seeming reticence of the central bank's governor, Mr Derrick …. Perhaps! Indeed, this newspaper supports the idea of an independent central bank, whose principal officers are removed from … which we must strive - the sooner the better. However, we do not see an independent central bank and a monetary policy …

central bank intervention only on money market. A higher sunk of the net foreign assets will require restrictions on capital …