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Globalization, Macroeconomic Performance, and Monetary Policy

Mishkin, Frederic S. - 2010

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering … inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual … globalization on the monetary transmission mechanism and arrives at the following answers: (1) Has globalization led to a decline in …

Persistent link: https://www.econbiz.de/10012759372

Monetary Policy Strategy : Lessons from the Crisis

Mishkin, Frederic S. - 2011

This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary policy...

Persistent link: https://www.econbiz.de/10013130559

Does Inflation Targeting Make a Difference?

Mishkin, Frederic S. - 2010

Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-achieving industrial countries that do not target inflation. Our evidence suggests that inflation targeting helps countries achieve lower inflation in the long run, have smaller inflation response...

Persistent link: https://www.econbiz.de/10012760404

Monetary Policy Strategy : How Did We Get Here?

Mishkin, Frederic S. - 2010

that six ideas that are now accepted by monetary authorities and governments in almost all countries of the world have led …

Persistent link: https://www.econbiz.de/10012760655

Prudential Supervision : Why is it Important and What are the Issues?

Mishkin, Frederic S. - 2010

This paper outlines what problems asymmetric information creates for the financial system and shows and shows that the presence of asymmetric information explains why banks are so important. The paper then goes on to explain why prudential supervision of these institutions is needed, and what...

Persistent link: https://www.econbiz.de/10012763288

One Decade of Inflation Targeting in the World : What Do We Know and What Do We Need to Know?

Mishkin, Frederic S.; Schmidt-Hebbel, Klaus - 2021

One decade of inflation targeting in the world offers lessons on the design and implementation of inflation targeting …

Persistent link: https://www.econbiz.de/10013223866

Strategies for Controlling Inflation

Mishkin, Frederic S. - 2021

This paper examines what strategies policymakers have used to both reduce and control inflation. It first outlines why a consensus has emerged that inflation needs to be controlled. Then it examines four basic strategies: exchange rate pegging, monetary targeting, inflation targeting, and the...

Persistent link: https://www.econbiz.de/10013237255

International Experiences with Different Monetary Policy Regimes

Mishkin, Frederic S. - 2022

This paper examines the international experiences with four basic types of monetary policy regimes: 1) exchange-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal anchor. The basic theme that emerges from this...

Persistent link: https://www.econbiz.de/10013308608