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Globalization, Macroeconomic Performance, and Monetary Policy

Mishkin, Frederic S. - 2008

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual economies and has been a key factor in promoting...

Persistent link: https://www.econbiz.de/10012464701

A Multi-Country Study of the Information in the Term Structure about Future Inflation

Mishkin, Frederic S. - 1989

This paper provides evidence on what the term structure (for maturities of twelve months or less) tells us about future inflation in ten OECD countries. The empirical results on the information in the term structure contrast with those that find that the level of interest rates help forecast the...

Persistent link: https://www.econbiz.de/10012475920

International Experiences with Different Monetary Policy Regimes

Mishkin, Frederic S. - 1999

This paper examines the international experiences with four basic types of monetary policy regimes: 1) exchange-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal anchor. The basic theme that emerges from this...

Persistent link: https://www.econbiz.de/10012471842

Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions

Mishkin, Frederic S. - 1982

monetary authorities have no control over their real rate relative to the world rate, limiting the impact of their … economy models which allow: 1) domestic real rates to differ from world rates, 2) time varying risk premiums in the forward … policy makers to exertsome control over their domestic real rate relative to those in the rest of the world. However, the …

Persistent link: https://www.econbiz.de/10012478057

Monetary Policy Strategy : Lessons from the Crisis

Mishkin, Frederic S. - 2011

This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary policy...

Persistent link: https://www.econbiz.de/10012461902

Over The Cliff : From the Subprime to the Global Financial Crisis

Mishkin, Frederic S. - 2010

This paper examines what transformed a significant, but relatively mild, financial disruption into a full-fledged financial crisis. It discusses why, although the Lehman Brothers bankruptcy was a key trigger for the global financial crisis, three other events were at least as important: the AIG...

Persistent link: https://www.econbiz.de/10012462048

Does Inflation Targeting Make a Difference?

Mishkin, Frederic S. - 2007

Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-achieving industrial countries that do not target inflation. Our evidence suggests that inflation targeting helps countries achieve lower inflation in the long run, have smaller inflation response...

Persistent link: https://www.econbiz.de/10012465780

Monetary Policy Strategy : How Did We Get Here?

Mishkin, Frederic S. - 2006

ideas that are now accepted by monetary authorities and governments in almost all countries of the world have led to …

Persistent link: https://www.econbiz.de/10012466151

One Decade of Inflation Targeting in the World : What Do We Know and What Do We Need to Know?

Mishkin, Frederic S. - 2001

One decade of inflation targeting in the world offers lessons on the design and implementation of inflation targeting …

Persistent link: https://www.econbiz.de/10012470323

Prudential Supervision : Why Is It Important and What are the Issues?

Mishkin, Frederic S. - 2000

This paper outlines what problems asymmetric information creates for the financial system and shows and shows that the presence of asymmetric information explains why banks are so important. The paper then goes on to explain why prudential supervision of these institutions is needed, and what...

Persistent link: https://www.econbiz.de/10012470811