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Role of Seasonality and Monetary Policy in Inflation Forecasting.
Kumah, Francis Y - 2006
Intro -- Contents -- I. INTRODUCTION -- II. INFLATION AND MONETARY POLICY IN THE KYRGYZ REPUBLIC -- III. SEASONAL CHARACTERISTICS OF CONSUMER PRICES -- IV. MODELING AND FORECASTING INFLATION -- V. CONCLUDING REMARKS -- References -- Appendix. Further Empirical Results.
Persistent link: https://www.econbiz.de/10012691121
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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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Inflation Targeting Pillars
Laxton, Douglas - 2009
This is the fourth chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation- Targeting Regimes: Saying What You Do and Doing What You Say."" It examines a number of issues related to transparency and accountability in an inflation-targeting regime. It first looks at...
Persistent link: https://www.econbiz.de/10012677489
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Monetary Policy Design with Recurrent Climate Shocks
Thakoor, Vimal - 2023
As climate change intensifies, the frequency and severity of climate-induced disasters are expected to escalate. We develop a New Keynesian Dynamic Stochastic General Equilibrium model to analyze the impact of these events on monetary policy. Our model conceptualizes these disasters as left-tail...
Persistent link: https://www.econbiz.de/10015058912
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How Do Adaptive Learning Expectations Rationalize Stronger Monetary Policy Response in Brazil?
Dizioli, Allan - 2023
Phillip's curves with different expectation formation processes for Brazil and the USA. Other than the standard rational … in fitting the data in both Brazil and the USA. In addition, the estimation shows that expectations are more backward …-looking and started to drift away sooner in 2021 in Brazil than in the USA. We then conduct optimal policy exercises that …
Persistent link: https://www.econbiz.de/10015059818
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Monetary Transmission in an Emerging Targeter : The Case of Brazil
Pagan, A. R. - 2008
dynamics. We use an SVAR representation of the model to study the monetary transmission in Brazil. We find that interest rate …
Persistent link: https://www.econbiz.de/10014409051
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Implementing Inflation Targeting : Institutional Arrangements, Target Design, and Communications
Peter, Marcel - 2006
Persistent link: https://www.econbiz.de/10012691028
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Framework for Independent Monetary Policy in China.
Goodfriend, Marvin - 2006
Intro -- Contents -- I. INTRODUCTION AND OVERVIEW -- II. LOW INFLATION OBJECTIVE AS NOMINAL ANCHOR -- III. PRINCIPLES OF MONETARY POLICY GEARED TOWARD TARGETING INFLATION -- IV. INSTITUTIONAL SUPPORT FOR INDEPENDENT MONETARY POLICY -- V. MONETARY AND BANKING INSTITUTIONS IN CHINA -- VI....
Persistent link: https://www.econbiz.de/10012691091
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IT Framework Design Parameters
Laxton, Douglas - 2009
This is the third chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It examines a number of elements in the design of an inflation-targeting framework. These include the definition of the target...
Persistent link: https://www.econbiz.de/10012677768
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Can a Rule-Based Monetary Policy Framework Work in a Developing Country? The Case of Yemen
Elekdag, Selim - 2007
Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper argues in favor of a new formal monetary policy...
Persistent link: https://www.econbiz.de/10012677852