Narrow search
Showing 1 - 10 of 2,262
Cover Image
Too much too soon : instability and indeterminacy with forward-looking rules
Batini, Nicoletta; Pearlman, Joseph - 2002
This paper extends the existing literature on the uniqueness and stability conditions for an equilibrium under inflation-forecast-based (IFB) rules. It shows that, for a variety of New Keynesian sticky-price and sticky-inflation models, these are a function not just of the degree of...
Persistent link: https://www.econbiz.de/10011517930
Cover Image
Time-varying credibility, anchoring and the Fed's inflation target
Diegel, Max - 2022
This paper analyzes the time-varying credibility of the Fed's inflation target in an empirical macro model with … across monetary policy regimes. I find that imperfect credibility is pronounced during the Volcker Disinflation and to a …
Persistent link: https://www.econbiz.de/10013472154
Cover Image
Monetary policy rules under bounded rationality
Dobrew, Michael; Gerke, Rafael; Kienzler, Daniel; … - 2023
We study the welfare performance of various simple monetary policy rules under bounded rationality (BR) along the lines of Gabaix (2020) in a New Keynesian model with sticky wages and an effective lower bound (ELB) on interest rates. Policy strategies with a strong history dependence lose their...
Persistent link: https://www.econbiz.de/10014320809
Cover Image
Credibility of monetary regimes: is inflation targeting different?
Kunter, Kürşat; Janssen, Norbert G. J. - 2002
Persistent link: https://www.econbiz.de/10001644514
Cover Image
Learning monetary policy strategies at the effective lower bound with sudden surprises
Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2023
We examine how private sector agents might learn a new monetary strategy that is adopted while at the ELB. Little can be discovered until the economy improves enough that rates would be near liftoff under the old strategy. Recessionary shocks would thus delay learning while large inflationary...
Persistent link: https://www.econbiz.de/10014330977
Cover Image
Exploring the role of exchange rate in inflation targeting : evidence from Thailand
Pongsak Luangaram; Nipit Wongpunya - 2022
Persistent link: https://www.econbiz.de/10013262839
Cover Image
Inflation persistence and credibility in Turkey during the nineties
Napolitano, Oreste; Montagnoli, Alberto - 2001
Persistent link: https://www.econbiz.de/10001664569
Cover Image
Robustly optimal monetary policy
Sheedy, Kevin D. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003595280
Cover Image
Asymmetric inflation target credibility
Coleman, Winnie; Nautz, Dieter - 2025 - This version: January 2025
This paper investigates the determinants of inflation target credibility (ITC) using a unique survey we designed to … measure the credibility of the ECB's inflation target. Containing over 200,000 responses from German consumers collected …. When inflation is below target, however, the credibility of the inflation target cannot be improved by raising the …
Persistent link: https://www.econbiz.de/10015191733
Cover Image
Asymmetric inflation target credibility
Coleman, Winnie; Nautz, Dieter - 2025 - This version: January 2025
This paper investigates the determinants of inflation target credibility (ITC) using a unique survey we designed to … measure the credibility of the ECB's inflation target. Containing over 200,000 responses from German consumers collected …. When inflation is below target, however, the credibility of the inflation target cannot be improved by raising the …
Persistent link: https://www.econbiz.de/10015173585