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The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
-- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary …
Persistent link: https://www.econbiz.de/10012682180
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The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of … money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … structural and empirical models in a consistent framework using Bayesian and other estimation techniques. We find that money …
Persistent link: https://www.econbiz.de/10012677626
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Inflation and Fiscal Deficits; The Irrelevance of Debt and Money Financing
Barrionuevo, José M. - International Monetary Fund (IMF) - 1992
The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce...
Persistent link: https://www.econbiz.de/10005263970
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Lessons for Monetary Policy; What Should the Consensus Be?
Issing, Otmar - International Monetary Fund (IMF) - 2011
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset...
Persistent link: https://www.econbiz.de/10009019599
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Policy analysis and forecasting in the world economy : a panel unobserved components approach
Vitek, Francis - 2012
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …
Persistent link: https://www.econbiz.de/10009618572
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World Crude Oil Markets : Monetary Policy and the Recent Oil Shock
Krichene, Noureddine - 2006
Intro -- Content -- I. INTRODUCTION -- II. OIL PRICE VOLATILITY -- III. THE DEMAND AND SUPPLY OF CRUDE OIL -- IV. ROLE OF MONETARY POLICY IN THE OIL MARKETS -- V. SOLUTION OF THE SEM -- VI. CONCLUSIONS -- APPENDIX -- REFERENCES.
Persistent link: https://www.econbiz.de/10012690972
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Public Debt, Money Supply, and Inflation : A Cross-Country Study and its Application to Jamaica
McFarlane, Lavern - 2006
Intro -- Contents -- I. INTRODUCTION -- II. CONCEPTUAL FRAMEWORK -- III. EMPIRICAL FINDINGS OF THE CROSS-COUNTRY STUDY -- IV. APPLICATION TO JAMAICA -- V. POLICY IMPLICATIONS -- VI. SUMMARY AND CONCLUSIONS -- A. DATA SOURCES AND DEFINITIONS AND COUNTRY GROUPING -- B. DEBT-INFLATION TRAP AND DEBT...
Persistent link: https://www.econbiz.de/10012691126
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Central Bank Boards Around the World : Why Does Membership Size Differ?
Berger, Helge - 2006
Persistent link: https://www.econbiz.de/10012691188
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Inflation Targeting at 20
Roger, Scott - 2009
This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in favor of ""flexible"" inflation targeting. The evidence...
Persistent link: https://www.econbiz.de/10012677863
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Monetary Policy Analysis and Forecasting in the World Economy
Vitek, Francis - 2009
This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy …
Persistent link: https://www.econbiz.de/10012677496