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The primary objective of most of the world's central banks these days is to keep inflation low, and the range of …
Persistent link: https://www.econbiz.de/10005720965
Monetary policy rules help central banks exercise the discipline necessary to achieve their long-term goals. The type …
Persistent link: https://www.econbiz.de/10005390458
Major League Baseball Commissioner Bud Selig announced he would crack down on steroid use in baseball, hoping to stop players from doping. He was forced to discipline stars like Rafael Palmeiro, possibly hurting the game immediately, in order to develop a reputation for being tough on steroids....
Persistent link: https://www.econbiz.de/10005393596
Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of … central banks. …
Persistent link: https://www.econbiz.de/10005512825
Central banks have done a very impressive job of achieving low and stable rates of inflation in recent years. But … CEO of the Federal Reserve Bank of Cleveland, discusses some of those challenges and how central banks might best prepare …
Persistent link: https://www.econbiz.de/10005512948
establish a large national bank—what we now call a central bank—that is in a unique position to influence a nation’s money and …
Persistent link: https://www.econbiz.de/10005717881
An analysis of the institutional design of the Federal Reserve System, stating that the central bank should be given a …
Persistent link: https://www.econbiz.de/10005720943
An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price … stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize …
Persistent link: https://www.econbiz.de/10005390329
A discussion of how higher levels of central bank independence are associated with lower and more stable rates of … inflation and why central bank autonomy is critical in a world where most governments are unwilling to hold themselves publicly …
Persistent link: https://www.econbiz.de/10005390380
Do central banks control the business cycle? Should price stability be their only monetary policy goal? Do politicians … give up a degree of power and gain nothing personally when they grant central banks independence? This Commentary argues … conference on the Origins and Evolution of Central Banking, sponsored by the Central Bank Institute of the Federal Reserve Bank …
Persistent link: https://www.econbiz.de/10005390498