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Fiscal institutions and fiscal performance

Poterba, James M. (ed.); Hagen, Jürgen von (contributor) - 1999

Persistent link: https://www.econbiz.de/10013481090

Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes

Cecchetti, Stephen G. - 1999

Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central...

Persistent link: https://www.econbiz.de/10012471355

Central Bank Communication and Monetary Policy : A Survey of Theory and Evidence

Blinder, Alan S. - 2008

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication -- mostly empirical, and almost all of it written in this decade. We survey this...

Persistent link: https://www.econbiz.de/10012464715

Necessity as the Mother of Invention : Monetary Policy after the Crisis

Blinder, Alan S. - 2016

We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys--one of central bank governors, the other of academic specialists. We find that central banks in crisis countries are more likely to have resorted to...

Persistent link: https://www.econbiz.de/10012455945

Managed Floats to Damp Shocks like 1982-5 and 2006-9: Field and Laboratory Evidence for Chinese Interest in a Single World Currency

Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - University of Bonn, Germany - 2009

liquidity crisis and reverted to what caused that crisis, namely a closed economy clean floats perspective; and (2) the 2006 …-2008/9 exchange rate liquidity shock would have been more drastic but for central bank currency swaps. This evidence is bolstered by a … education that excludes liquidity crises. …

Persistent link: https://www.econbiz.de/10008457976

Exchange Rate Determination: A Model of the Decisive Role of Central Bank Cooperation and Conflict

Pope, Robin; Selten, Reinhard; Kube, Sebastian; Kaiser, … - University of Bonn, Germany - 2007

The paper traces the dangers in the closed economy perspective of a Â monetary policy focused on a domestic inflation goal under a clean Â float. Â Field evidence of the damage wrought from this perspective is Â reinforced by that from a laboratory experiment. Â The laboratory Â ...

Persistent link: https://www.econbiz.de/10004968391