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Trinity strikes back : monetary independence and inflation in the Caribbean

Cevik, Serhan; Zhu, Tianle - 2019

between monetary autonomy and inflation dynamics in a panel of Caribbean countries over the period 1980-2017. The empirical … results show that monetary independence is a significant factor in determining inflation, even after controlling for … monetary policy for domestic purposes independent of external monetary influences, leads to lower consumer price inflation …

Persistent link: https://www.econbiz.de/10012103732

Some alternative monetary facts

Stella, Peter; Kumar, Manmohan S.; Bhargava, Apoorv - 2021

Persistent link: https://www.econbiz.de/10012487229

Impact of Fed Tapering Announcements on Emerging Markets

Mishra, Prachi - 2014

This paper analyzes market reactions to the 2013–14 Fed announcements relating to tapering of asset purchases and their relationship to macroeconomic fundamentals and country economic and financial structures. The study uses daily data on exchange rates, government bond yields, and stock...

Persistent link: https://www.econbiz.de/10014411393

News and Monetary Shocks at a High Frequency : A Simple Approach

Matheson, Troy - 2014

We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve’s May 22, 2013 taper talk suggesting that it would begin winding down its...

Persistent link: https://www.econbiz.de/10014411524

Unforeseen events wait lurking : estimating policy spillovers from U.S. To foreign asset prices

Bayoumi, Tamim A.; Bui, Trung - 2011

Persistent link: https://www.econbiz.de/10009423188

Spillovers from United States monetary policy on emerging markets : different this time?

Chen, Jiaqian; Mancini Griffoli, Tommaso; Sahay, Ratna - 2014

Persistent link: https://www.econbiz.de/10010479509

Big players out of synch : spillovers implications of US and euro area shocks

Osorio Buitron, Carolina; Vesperoni, Esteban - 2015

Given the prospects of asynchronous monetary conditions in the United States and the euro area, this paper analyzes spillovers among these two economies, as well as the implications of asynchronicity for spillovers to other advanced economies and emerging markets. Through a structural vector...

Persistent link: https://www.econbiz.de/10011374017

Central bank communication and monetary policy surprises in Chile

Pescatori, Andrea - 2018

tightening shock implies a decline in economic activity (IMACEC) of about 2 pp. after one year, while the response of inflation …

Persistent link: https://www.econbiz.de/10011878683

International spillovers of forward guidance shocks

Jones, Callum; Kulish, Mariano; Rees, Daniel M. - 2018

After 2007, countries that cut their policy interest rates close to zero turned, among other policies, to forward guidance. We estimate a two-country model of the U.S. and Canada to quantify how unexpected changes in U.S. forward guidance affected Canada. Expansionary U.S. forward guidance...

Persistent link: https://www.econbiz.de/10011852669

Thick vs. thin-skinned : technology, news, and financial market reaction

Eichengreen, Barry; Lafarguette, Romain; Mehl, Arnaud - 2017

We study the impact of technology on the reaction of financial markets to information, focusing on the foreign exchange market. We contrast the 'thin-skinned' view that technological improvements cause markets to react more to new information with the 'thick-skinned' view that they react less....

Persistent link: https://www.econbiz.de/10011671099