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Inflation targeting in the United Kingdom : is there evidence for asymmetric preferences?

Rawat, Pranjal; Srinivasan, Naveen - 2020

Persistent link: https://www.econbiz.de/10013471091

Chatelain, Jean-Bernard; Ralf, Kirsten - 2017

Using US data, we estimate optimal policy with a probability below one that the Fed reneges on its commitment ("limited credibility") versus discretionary policy where the Fed reneges on its commitment at all periods with a probability equal to one ("zero credibility"). The transmission...

Persistent link: https://www.econbiz.de/10011695111

Imperfect credibility versus no credibility of optimal monetary policy

Chatelain, Jean-Bernard; Ralf, Kirsten - 2018

Persistent link: https://www.econbiz.de/10011997474

Policy maker's credibility with predetermined instruments for forward-looking targets

Chatelain, Jean-Bernard; Ralf, Kirsten - 2019

Persistent link: https://www.econbiz.de/10012234793

Fluctuations in a dual labor market

Rion, Normann - 2020

Persistent link: https://www.econbiz.de/10012244585

Dynamic effects of monetary policy shocks on macroeconomic volatility

Mumtaz, Haroon; Theodoridis, Konstantinos - 2015

We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard … deviations from the policy rule and the results are re-enforced by the presence of non-zero trend inflation. …

Persistent link: https://www.econbiz.de/10011389786