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Modern Approaches to Central Banking
Fischer, Stanley - 1995
Modern theory has delivered both the conservative central banker and the principal-agent approaches as rationales for …
Persistent link: https://www.econbiz.de/10012473825
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The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
credibility). We then use panel VARs based on both factor models and observed data to ascertain the impact of global shocks …, financial shocks, trade shocks and credibility shocks on the EMEs versus the AEs … credibility in EMEs was more fragile than was the case for the AEs in the face of the global shocks (from the US) than was the …
Persistent link: https://www.econbiz.de/10012480286
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Credible Commitment to Optimal Escape from a Liquidity Trap : The Role of the Balance Sheet of an Independent Central Bank
Jeanne, Olivier - 2004
An independent central bank can manage its balance sheet and its capital so as to commit itself to a depreciation of its currency and an exchange-rate peg. This way, the central bank can implement the optimal escape from a liquidity trap, which involves a commitment to higher future inflation....
Persistent link: https://www.econbiz.de/10012468011
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NBER macroeconomics annual
National Bureau of Economic Research - 1986-: Chicago, Ill. : Univ. of Chicago Press; … - 1.1986 -
Persistent link: https://www.econbiz.de/10000368249
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Tax policy and the economy
National Bureau of Economic Research - Chicago, Ill. : University of Chicago Press; 1987-2007: … - 1.1987 -
Persistent link: https://www.econbiz.de/10000370609
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Tax policy and the economy
National Bureau of Economic Research - Chicago, Ill. : University of Chicago Press; anfangs: … - 1.1987 -
Persistent link: https://www.econbiz.de/10001611436
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NBER macroeconomics annual
National Bureau of Economic Research - Chicago, Ill. : Univ. of Chicago Press; 1986-2007: … - 1.1986 -
Persistent link: https://www.econbiz.de/10001621004
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Connected Lending of Last Resort
Mitchener, Kris; Monnet, Eric - National Bureau of Economic Research - 2023
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...
Persistent link: https://www.econbiz.de/10013537763
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Changing Central Bank Pressures and Inflation
Afrouzi, Hassan; Halac, Marina; Rogoff, Kenneth S.; … - National Bureau of Economic Research - 2024
We present a simple long-run aggregate demand and supply framework for evaluating long-run inflation. The framework illustrates how exogenous economic and political economy factors generate central bank pressures that can impact long-run inflation as well as transitions between steady states. We...
Persistent link: https://www.econbiz.de/10014528348
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Central Bank Credibility : Why Do We Care? How Do We Build It?
Blinder, Alan S. - 1999
Central bank credibility plays a pivotal role in much of the modern literature on monetary policy, yet it is difficult … important issues: why credibility matters, and how credibility can be built. The central bankers' answers are compared with the …
Persistent link: https://www.econbiz.de/10012471626