Similar Search Results

Inflation Targeting, Exchange Rate and Financial Globalization

Tahir, Muhammad Naveed - HAL - 2011

In this paper we investigate the impact of financial globalization on the behaviour of inflation targeting emerging market economies with respect to exchange rate - do central banks respond to exchange rate movements or not. We use quarterly data for six emerging market inflation targeting...

Persistent link: https://www.econbiz.de/10009372685

To what extent do exchange rates and their volatility affect trade ?

Huchet-Bourdon, Maryline; Korinek, J. - HAL - 2011

unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also … their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on … the one hand and manufacturing and mining on the other. It finds that exchange volatility impacts trade flows only …

Persistent link: https://www.econbiz.de/10010899210

The effects of technological innovations on employment : a new explanation

Boudaya, Chahnez - HAL - 2005

This paper investigates principally the effects of a technological innovation on hours worked in a sticky price model. Our challenge is to reproduce the short-run decline in employment supported by a large range of recent works, inspired by Gali (1999), regardless of any monetary policy...

Persistent link: https://www.econbiz.de/10010750542

National influences inside the ECB: an assessment from central bankers' statements

Bennani, Hamza - HAL - 2012

This paper aims at discovering the national influences inside the Governing Council of the ECB for setting interest rates. We use a textual analysis of national newspaper articles related to each European central banker to analyze their expressed preferences. We proceed to a cluster analysis...

Persistent link: https://www.econbiz.de/10010899489

A simple Empirical Measure of Central Bank's Conservatism

Levieuge, Grégory; Lucotte, Yannick - HAL - 2012

In this paper we suggest a simple empirical and model independent measure of Central Banks' Conservatism, based on the Taylor curve. This new indicator can easily be extended in time and space, whatever the underlying monetary regime of the considered countries. We demonstrate that it evolves in...

Persistent link: https://www.econbiz.de/10010899874

Monetary policy under finite speed of trades and myopia

Giraud, Gaël; Orntangar, Nguenamadji - HAL - 2011

This paper provides a new framework for monetary macro-policy, where the Central Bank potentially intervenes both on short-term and long-term loans markets, and can do this alternatively by manipulating interest rates or money supply. Following Bonnisseau and Orntangar (2010) and Giraud and...

Persistent link: https://www.econbiz.de/10010635014

Financial crashes versus liquidity trap : the dilemma of monetary policy

Giraud, Gaël - HAL - 2010

This paper considers a two-period monetary double auction with incomplete markets of securities and derivatives. Players may share heterogenous beliefs. Short positions in derivatives are constrained by collateral requirements. A central Bank stands ready to lend money or engage in...

Persistent link: https://www.econbiz.de/10010635211

Inflation Targeting and Fiscal Rules: Do Interactions and Sequence of Adoption Matter?

Combes, Jean-Louis; Minea, Alexandru; Tapsoba, Rene - HAL - 2012

This paper analyzes the effects of Inflation Targeting (IT) and Fiscal Rules (FR) on fiscal behaviors and inflation dynamics. Its main novelty is twofold: first, it is the first study which accounts explicitly for the role of the interactions between IT and FR regarding their fiscal and...

Persistent link: https://www.econbiz.de/10010899438

Does Inflation Targeting Matter ? An Experimental Investigation

Cornand, Camille; M'Baye, Cheick Kader - HAL - 2013

target helps to reduce the volatility of inflation, interest rate, and output gap although their average levels are not aff …

Persistent link: https://www.econbiz.de/10010899555

The role of the "Maximizing Output Growth Inflation Rate" in monetary policy

Pepin, Dominique - HAL - 2004

The paper discusses the role of monetary policy when potential output depends on the inflation rate. If the intention of the central bank is to maximize actual output growth, then it has to be credibly committed to a strict inflation targeting rule, and to take the MOGIR (the Maximizing Output...

Persistent link: https://www.econbiz.de/10010899959