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Monetary commitment, institutional constraints and inflation : empirical evidence for OECD countries since the 1970s

Freytag, Andreas (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003497804

Monetary policy in Turkey after Central Bank independence

Gürkaynak, Refet S.; Kantur, Zeynep; Taş, M. Anil; … - 2015

inflation targeter early in this period but began to pay less attention to inflation after 2009. Loss of the strong nominal …

Persistent link: https://www.econbiz.de/10011375680

Does inflation targeting matter for price stability?

Guo, Minjie; Lim, Eun Son - In: International review of economics & finance : IREF 91 (2024), pp. 1015-1032

Persistent link: https://www.econbiz.de/10014492280

Central bank digital currency : when price and bank stability collide

Schilling, Linda; Fernández-Villaverde, Jesús; Uhlig, … - 2020

A central bank digital currency, or CBDC, may provide an attractive alternative to traditional demand deposits held in private banks. When offering CBDC accounts, the central bank needs to confront classic issues of banking: conducting maturity transformation while providing liquidity to private...

Persistent link: https://www.econbiz.de/10012388179

Does conservatism matter? : a time series approach to central banking

Berger, Helge; Woitek, Ulrich - 1999

negatively correlated with inflation and inflation variance across countries. But the cross-country approach has been criticised … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …

Persistent link: https://www.econbiz.de/10009781685

Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...

Persistent link: https://www.econbiz.de/10011399168

The role of political institutions for the effectiveness of central bank independence

Hielscher, Kai; Markwardt, Gunther - 2011

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

Persistent link: https://www.econbiz.de/10009012047

Stable money and central bank independence : implementing monetary institutions in postwar Germany

Hefeker, Carsten - 2019

Germany prides itself in having one of the most successful central banks and currencies with respect to independence and stability. I show that not only were both imposed on the country after 1945 but that there was also initial resistance to both among German experts and officials. This is a...

Persistent link: https://www.econbiz.de/10012119851

Connected lending of last resort

Mitchener, Kris; Monnet, Eric - 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/10013494187

Federal monetary policy

Hefeker, Carsten - 2001

What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational...

Persistent link: https://www.econbiz.de/10011398004

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