Showing 1 - 9 of 9
We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …
Persistent link: https://www.econbiz.de/10013067922
to other economies are estimated to be more sizeable and persistent, especially in terms of output growth and inflation …
Persistent link: https://www.econbiz.de/10012963536
We assess the empirical validity of the trilemma or impossible trinity in the 2000s for a large sample of advanced and emerging market economies. To do so, we estimate Taylor rule-type monetary policy reaction functions, relating the local policy rate to real-time forecasts of domestic...
Persistent link: https://www.econbiz.de/10012865722
The recent global financial crisis, the Great Recession and the subsequent implementation of a variety of unconventional policy measures have raised the issue of how to correctly measure the stance of monetary policy when policy interest rates reach the zero lower bound (ZLB). In this paper, we...
Persistent link: https://www.econbiz.de/10013052076
sizeable impact of the early actions, countered forces that could have led to episodes of prolonged recession and deflation in … contributed to overheating in Brazil, China and some other emerging economies in 2010 and 2011, but supported their respective …
Persistent link: https://www.econbiz.de/10013026237
-Pacific. I take an empirical approach to estimate the rate, simple estimates suggest that except for China, and Thailand since …
Persistent link: https://www.econbiz.de/10012989069
This paper examines two explanations for the recent spate of complaints about cross-border monetary policy spillovers and calls for international monetary policy coordination, a development that contrasts sharply with the monetary system in the 1980s, 1990s and until recently. The first...
Persistent link: https://www.econbiz.de/10013060227
summarise central banks' recent research on the linkage between exchange rates and inflation, output, profits and the current …
Persistent link: https://www.econbiz.de/10014061400
We develop a stylised shadow banking map for China with the aim of providing a coherent picture of its structure and … system in China is the dominant role of commercial banks, true to the adage that shadow banking in China is the "shadow of …-based instruments play only a limited role. With a series of maps we show that the size and dynamics of shadow banking in China have …
Persistent link: https://www.econbiz.de/10012927760