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Three great American disinflations

Bordo, Michael D.; Erceg, Christopher J.; Levin, Andrew T. - 2006

Persistent link: https://www.econbiz.de/10003448346

Imperfect knowledge, inflation expectations, and monetary policy

Orphanides, Athanasios (contributor); … - 2003

Persistent link: https://www.econbiz.de/10003349544

The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations

Orphanides, Athanasios (contributor); … - 2004

Persistent link: https://www.econbiz.de/10003350055

The performance of forecast-based monetary policy rules under model uncertainty

Levin, Andrew (contributor); Wieland, Volker (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001778564

A Two-Pillar DSGE Monetary Policy Model for the Euro Area

Barthelemy, Jean - 2010

periods ("excess liquidity") …

Persistent link: https://www.econbiz.de/10013138020

Generalizing the Taylor Principle : New Comment

Barthelemy, Jean - 2012

In this paper, we provide determinacy conditions, i.e. conditions ensuring the existence and uniqueness of a bounded solution, in a purely forward-looking linear Markov switching rational expectations model. We thus settle the debate between Davig and Leeper (2007) and Farmer et al. (2010). The...

Persistent link: https://www.econbiz.de/10013098749

Public Liquidity Demand and Central Bank Independence

Barthelemy, Jean - 2020

This paper studies how private demand for public liquidity affects the independence of a central bank vis-à-vis the … fiscal authority. Whereas supplying liquidity to the private sector creates degrees of freedom for fiscal and monetary … authorities vis-à-vis each other, we show that the authority that is most able to attract private liquidity demand can ultimately …

Persistent link: https://www.econbiz.de/10012844291

Monetary Rules, Determinacy and Limited Enforcement

Barthelemy, Jean - 2018

This paper investigates the ability of monetary policy rules to coordinate private agents' expectations when the enforcement of rules is limited. We show that limited enforcement precludes diverging inflation paths ensuring that nominal variables remain bounded in equilibrium. When applied to...

Persistent link: https://www.econbiz.de/10012907600

The Price of Stability. The Balance Sheet Policy of the Banque De France and the Gold Standard (1880-1914)

Bazot, Guillaume - 2014

Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...

Persistent link: https://www.econbiz.de/10013045945

Perceived FOMC : The Making of Hawks, Doves and Swingers

Bordo, Michael D. - 2018

Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...

Persistent link: https://www.econbiz.de/10012916991