Showing 1 - 10 of 43
, we document several potential fiscal dominance effects during 2000-2017 under Inflation Targeting (IT), and non …
Persistent link: https://www.econbiz.de/10012479945
This paper develops an analytical framework for the analysis of targeting rules for monetary policy. We derive the optimal money supply rule and analyze the implications of other monetary rules including rules that target nominal GNP, the price level, the monetary growth rate and the...
Persistent link: https://www.econbiz.de/10012477194
) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two …
Persistent link: https://www.econbiz.de/10012457538
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …
Persistent link: https://www.econbiz.de/10012463087
variables influence cross-country resilience regarding exchange rates, interest rates, stock prices, inflation, and growth …-2023. Cross-sectional regressions reveal that limiting inflation, active management of precautionary buffers of international … variables for financial development, central bank independence, and the inflation rate preceding the cycles. These findings may …
Persistent link: https://www.econbiz.de/10015072898
We investigate inflation targeting (IT) in emerging markets, focusing on the role of the real exchange rate and the … inflation and real exchange rates are important determinants of policy interest rates. The response to real exchange rates …
Persistent link: https://www.econbiz.de/10012464087
We analyze the degree to which the growing importance of sovereign wealth funds [SWFs] and the diffusion of inflation … Recession and the post-Great Recession period. Inflation targeting (IT) policy matters: IT countries give up the use of reserves …, their monetary authorities place large weights on output gaps; while inflation gains importance for IT countries. Countries …
Persistent link: https://www.econbiz.de/10012458019
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10012465942
This paper explores econometric and theoretical interpretations for the relatively high demand for international reserves by countries in the Far East and the relatively low demand by some other developing countries. Using a sample of about 125 developing countries, we show that reserve holdings...
Persistent link: https://www.econbiz.de/10012469443
decades, whereas China's has been on a rising trend, yet the share of trade among Asian economies with the dollar zone …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … making efforts to "internationalize" its currency, the yuan (RMB). Hence, if China succeeds in its internationalization …
Persistent link: https://www.econbiz.de/10012456407