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The macroeconomic policy mix in a monetary union with flexible inflation targeting
Andersen, Torben M. - In: Journal of international money and finance 27 (2008) 3, pp. 411-437
Persistent link: https://www.econbiz.de/10003717252
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Speed limit policies : the output gap and optimal monetary policy
Walsh, Carl E. - 2001
In a standard New Keynesian model, a myopic central bank concerned with stabilizing inflation and changes in the output gap will implement a policy under discretion that replicates the optimal, timeless perspective, precommitment policy. By stabilizing output gap changes, the central bank...
Persistent link: https://www.econbiz.de/10011408406
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The timeless perspective vs. discretion : theory and monetary policy implications for an open economy
Guender, Alfred V. - In: Journal of international money and finance 30 (2011) 8, pp. 1638-1658
Persistent link: https://www.econbiz.de/10009527013
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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary Lans - 2001
The combination of discretionary monetary policy, labor-market distortions and nominal wage rigidity yields an inflation bias as monetary policy tries to exploit nominal wage contracts to address labour-market distortions Although an inflation target eliminates this inflation bias, it creates a...
Persistent link: https://www.econbiz.de/10011398780
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Deconstructing credibility: the breaking of monetary policy rules in Brazil
Cortes, Gustavo Silva; Paiva, Claudio A. C. - In: Journal of international money and finance 74 (2017), pp. 31-52
Persistent link: https://www.econbiz.de/10011787910
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Perceptions about monetary policy
Bauer, Michael D.; Pflueger, Carolin E.; Sunderam, Adi - 2022
We estimate perceptions about the Fed's monetary policy rule from panel data on professional forecasts of interest rates and macroeconomic conditions. The perceived dependence of the federal funds rate on economic conditions is time-varying and cyclical: high during tightening episodes but low...
Persistent link: https://www.econbiz.de/10013475251
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Endogenous growth and monetary policy : how do interest-rate feedback rules shape nominal and real transitional dynamics?
Gil, Pedro Mazeda; Iglésias, Gustavo; Guimarães, Luis - In: Journal of international money and finance 138 (2023), pp. 1-20
Persistent link: https://www.econbiz.de/10014478209
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Redistribution and the monetary-fiscal policy mix
Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020
We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. We compare two distinct types of...
Persistent link: https://www.econbiz.de/10012388237
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Inflation targeting by debtor central banks in emerging market economies
Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - 2010
to accumulate massive foreign reserves. If left unsterilized, the liquidity expansion can threaten domestic macroeconomic … stability. To contain domestic inflation these central banks absorb rather then provide liquidity in their regular monetary … surplus liquidity is less efficient, because absorbing liquidity raises the costs of monetary policy operations. By …
Persistent link: https://www.econbiz.de/10003994520
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The medium-term effects of fiscal policy rules
Chrysanthakopoulos, Christos; Tagkalakis, Athanasios - In: Journal of international money and finance 142 (2024), pp. 1-21
Persistent link: https://www.econbiz.de/10014549826