Similar Search Results

Inflation Targeting and Output Growth : Empirical Evidence for the European Union

International Monetary Fund - 2005

This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...

Persistent link: https://www.econbiz.de/10014400852

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Isard, Peter - 2001

Stochastic simulations are employed to compare performance of monetary policy rules in linear and nonlinear variants of a small macro model with NAIRU uncertainity under different assumptions about the way inflation expectations are formed. Cases in which policy credibility is ignored or treated...

Persistent link: https://www.econbiz.de/10014403818

Inflation Targeting and Exchange Rate Rules in an Open Economy

Parrado, Eric - 2004

This paper provides a simple dynamic neo-Keynesian model that can be used to analyze the impact of monetary policy that considers inflation targeting in a small open economy. This economy is characterized by imperfect competition and short-run price rigidity. The main findings of the paper are...

Persistent link: https://www.econbiz.de/10014404122

Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter?

Combes, Jean-Louis - 2014

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature,...

Persistent link: https://www.econbiz.de/10014411331

Inflation Targeting in Dollarized Economies

Leiderman, Leonardo - 2006

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a...

Persistent link: https://www.econbiz.de/10014402285

Estimated policy rules for capital controls

Pasricha, Gurnain Kaur - 2020

This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudential or mercantilist motivations. I explore this question using a novel, weekly dataset on capital control actions in 21 emerging...

Persistent link: https://www.econbiz.de/10012251900

Inflation Targeting : Theory and Policy Implications

Green, J. H. - 1996

As with many monetary policy frameworks, inflation targeting is subject to the well-known problem of inflation bias. With inflation targeting, however, the bias becomes apparent not as inflation above desired levels, but as a wedge between the announced target and observed inflation. This...

Persistent link: https://www.econbiz.de/10014398141

Excess Liquidity and the Effectiveness of Monetary Policy : Evidence From Sub-Saharan Africa

Saxegaard, Magnus - 2006

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …

Persistent link: https://www.econbiz.de/10014400369

Central Bank Independence and the Design of Fiscal Institutions

Castellani, Francesca - 2001

Persistent link: https://www.econbiz.de/10014400978

Varieties of Monetary Reforms

Siklos, Pierre L. - 1994

This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic...

Persistent link: https://www.econbiz.de/10014396492

1
2
3
4
5
6
7
8
9
10
Next
Last