Showing 1 - 10 of 287
Persistent link: https://www.econbiz.de/10000928603
Persistent link: https://www.econbiz.de/10000888960
policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and …
Persistent link: https://www.econbiz.de/10001600038
Persistent link: https://www.econbiz.de/10000955625
Persistent link: https://www.econbiz.de/10000958081
Persistent link: https://www.econbiz.de/10000958430
Most of the literature on monetary policy delegation assumes that the government can credibly commit to the delegation contract, an assumption criticized by McCallum. This paper provides foundations for the assumption that renegotiating a delegation contract can be costly by illustrating how...
Persistent link: https://www.econbiz.de/10001600048
prices than inflation targeting. -- inflation targeting ; output targeting ; interest rates …
Persistent link: https://www.econbiz.de/10001600072
Persistent link: https://www.econbiz.de/10001613659
The central bank's optimal reaction to foreign and domestic shocks is analyzed in an inflation targeting model allowing … that the interest rate response to foreign shocks is smaller when pass-through is low. Second, the inflation …-through ; exchange rate volatility ; inflation targeting ; monetary policy ; small open economy …
Persistent link: https://www.econbiz.de/10001622446