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An investigation of the gains from commitment in monetary policy

Schaumburg, Ernst (contributor); … - 2003 - [Elektronische Ressource]

degrees of credibility, in which commitment and discretion become special cases of what we call quasi commitment. The monetary … measure of the (lack of) credibility of the monetary policy authority, we investigate the welfare effect of a marginal … increase in credibility. Our main finding is that, in a simple model of the monetary transmission mechanism, most of the gains …

Persistent link: https://www.econbiz.de/10001783067

Reduced reserve requirements : alternatives for the conduct of monetary policy and reserve management

1993

Persistent link: https://www.econbiz.de/10000874838

Economic policy review

Federal Reserve Bank of New York - New York, NY - 1.1995 - 18.2012,3

Persistent link: https://www.econbiz.de/10000540679

Monetary aggregates and monetary policy

1974

Persistent link: https://www.econbiz.de/10000662963

How valuable is exchange rate flexibility? : Optimal monetary policy under sectoral shocks

Tille, Cédric (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001656406

Day-to-day monetary policy and the volatility of the federal funds interest rate

Bartolini, Leonardo (contributor); … - 2000 - [Elektronische Ressource]

"We propose a model of the interbank money market with an explicit role for central bank intervention and periodic reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at high frequency. The model yields predictions on biweekly...