Showing 1 - 10 of 1,146
The paper discusses the purpose, properties, and theoretical foundations of various indicators of inflation and also …
Persistent link: https://www.econbiz.de/10011245099
commodity prices. Against this background, an encompassing policy response is needed to control inflation and mitigate the scope …
Persistent link: https://www.econbiz.de/10011245548
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …
Persistent link: https://www.econbiz.de/10011245907
-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the … financial and economic development and recent inflation history. …
Persistent link: https://www.econbiz.de/10005248145
This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997–2005. Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the...
Persistent link: https://www.econbiz.de/10005263733
Modifications to Japan's monetary policy framework will be needed as positive inflation resumes because the current … an "anti-deflation" objective to an inflation objective, complemented by a shift of monetary operations from a …
Persistent link: https://www.econbiz.de/10005263789
predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation. …
Persistent link: https://www.econbiz.de/10005263906
inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …
Persistent link: https://www.econbiz.de/10005263936
This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that …
Persistent link: https://www.econbiz.de/10005264092
frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …
Persistent link: https://www.econbiz.de/10009369451