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The determinants of public deficit volatility
Agnello, Luca; Sousa, Ricardo M. - 2009
This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically...
Persistent link: https://www.econbiz.de/10003832602
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Credibility gains from communicating with the public : evidence from the ECB's new monetary policy strategy
Ehrmann, Michael; Georgarakos, Dimitris; Kenny, Geoff - 2023
elements of the strategy can enhance the perceived credibility that price stability will be maintained in the medium … strongest positive impact on credibility, boosting credibility also among the less financially literate and generating more … persistent credibility gains, even after inflation increased. …
Persistent link: https://www.econbiz.de/10013553462
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The credibility of the monetary policy "free lunch"
Yetman, James - 2003
impose costs on society rather than benefits. While rational expectations and perfect credibility are generally beneficial with …
Persistent link: https://www.econbiz.de/10009635890
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Fiscal policy events and interest rate swap spreads
Afonso, António; Strauch, Rolf - 2004
In this paper we assess the importance given in capital markets to the credibility of the European fiscal framework. We …
Persistent link: https://www.econbiz.de/10009636526
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Mitigating the forward guidance puzzle : inattention, credibility, finite planning horizons and learning
De Groot, Oliver; Mazelis, Falk - 2020
incorporate information about future interest rate announcements: "inattention", "credibility", "finite planning horizon", and …
Persistent link: https://www.econbiz.de/10012241145
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Caution and conservatism in the making of monetary policy
Schellekens, Philip - 2000
Persistent link: https://www.econbiz.de/10001554413
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Capital market development, corporate governance and the credibility of exchange rate pegs
Castrén, Olli; Takalo, Tuomas - 2000
Persistent link: https://www.econbiz.de/10001554426
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Financial markets' behavior around episodes of large changes in the fiscal stance
Ardagna, Silvia (contributor) - 2004
Persistent link: https://www.econbiz.de/10002554820
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Monetary policy and inflationary shocks under imperfect credibility
Darracq Pariès, Matthieu; Moyen, Stéphane - 2009
imperfect credibility and weak anchoring of long-term expectations. Within a medium-scale DSGE model, we introduce through a … credibility could amount to 0.25 pp of output gap standard deviation. -- Monetary policy ; Imperfect credibility ; Signal …
Persistent link: https://www.econbiz.de/10003867037
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Money talks
Hoerova, Marie; Monnet, Cyril; Temzelides, Ted - 2009
, information transmission through changes in the interest rate creates a distortion, thus, lending an amount of credibility. This …
Persistent link: https://www.econbiz.de/10003963765