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Considerations on the monetary policy framework of the European Central Bank
Tosato, Andrea Giorgio - 2022
. inflation anchoring properties. This layout is then confronted with the policy framework in use in the euro area prior to the … dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the … policy framework could benefit from a rebalancing towards a formulation with stronger anchoring properties. The inflation aim …
Persistent link: https://www.econbiz.de/10012802090
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An exchange rate policy rule
Parrado, Eric - 2023
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995
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Monetary policy communication : evidence from survey data
Popovska-Kamnar, Neda - 2017
This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central Eastern and South-Eastern Europe and the euro area. The main objective of this Survey was to draw evidence on the level of transparency and communication strategies of the...
Persistent link: https://www.econbiz.de/10011717595
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What does monetary policy reveal about central bank's preferences?
Castelnuovo, Efrem; Surico, Paolo - 2002
indicator for future inflation, therefore being only instrumental (to stabilize inflation) rather than important per se. …
Persistent link: https://www.econbiz.de/10011594051
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Inflation targeting in Colombia, 2002 - 2012
Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014
crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …
Persistent link: https://www.econbiz.de/10011285649
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Inflation targeting and quantitative tightening : effects of reserve requirements in Peru
Armas, Adrián; Castillo B., Paul; Vega, Marco - 2014
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...
Persistent link: https://www.econbiz.de/10011286266
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The value of constraints on discretionary government policy
Martin, Fernando M. - 2016
desirable as they hinder the ability of governments to smooth distortions. Allowing for the effective use of inflation during …
Persistent link: https://www.econbiz.de/10011585839
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Can we identify the Fed's preferences?
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
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Creation and evolution of inflation expectations in Paraguay
Alonso, Pablo - 2018
The establishment of the inflation targeting regime in Paraguay is relatively recent, however, the results have been … only reduce inflation levels, but also align inflation expectations along the medium-term inflation target. Previously the … inflation targeting regime has provided relevant information to economic agents on the monetary policy objectives, which has …
Persistent link: https://www.econbiz.de/10011883801
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How to starve the beast: fiscal and monetary policy rules
Martin, Fernando M. - 2019
, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …
Persistent link: https://www.econbiz.de/10012137093