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What does monetary policy reveal about central bank's preferences?

Castelnuovo, Efrem; Surico, Paolo - 2002

The design of monetary policy depends upon the targeting strategy adopted by the central bank. This strategy describes a set of policy preferences, which are actually the structural parameters to analyse monetary policy making. Accordingly, we develop a novel calibration method to identify...

Persistent link: https://www.econbiz.de/10011594051

Taylor rules with endogenous regimes

Aastveit, Knut Are; Cross, Jamie; Furlanetto, Francesco; … - 2024

The Fed's policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to 2021. Instead of exogenously partitioning the data based on tenures of the...

Persistent link: https://www.econbiz.de/10015179424

Inflation targeting in Colombia, 2002 - 2012

Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014

After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...

Persistent link: https://www.econbiz.de/10011285649

Price-level determinacy, lower bounds on the nominal interest rate, and liquidity traps

Alstadheim, Ragna; Henderson, Dale W. - 2006

Persistent link: https://www.econbiz.de/10003313732

Social learning and monetary policy rules

Arifovic, Jasmina (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003740531

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

Chatelain, Jean-Bernard; Ralf, Kirsten - 2019

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

Persistence-dependent optimal policy rules

Chatelain, Jean-Bernard; Ralf, Kirsten - 2020

Persistent link: https://www.econbiz.de/10012271115

The timeless perspective vs. discretion : theory and monetary policy implications for an open economy

Guender, Alfred V. - 2011 - Rev.

Persistent link: https://www.econbiz.de/10009012011

Taxes and the location of targets

Arulampalam, Wiji; Devereux, Michael P.; Liberini, Federica - 2018

Persistent link: https://www.econbiz.de/10011966683

The Norwegian overnight interbank market during the Covid pandemic

Akram, Qaisar Farooq; Findreng, Jon; Smith, Lyndsie - 2023

and the central bank's liquidity support measures following the Covid-19 pandemic. The liquidity measures enabled banks to … fulfil their liquidity needs primarily through participation in extraordinary liquidity auctions. The distribution of central … bank reserves across banks did not change due to these measures, but interbank trading fell sharply. Ample liquidity …

Persistent link: https://www.econbiz.de/10014314135