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The boundaries of central bank independence : lessons from unconventional times
Orphanides, Athanasios - 2018
Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …What institutional arrangements for an independent central bank with a price stability mandate promote good policy … encourages the central bank to eschew the decisive quantitative easing needed to reflate the economy and instead to accommodate …
Persistent link: https://www.econbiz.de/10011901698
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Enhancing resilience with natural growth targeting
Orphanides, Athanasios - 2024
Despite a number of helpful changes, including the adoption of an inflation target, the Fed's monetary policy strategy proved insufficiently resilient in recent years. While the Fed eased policy appropriately during the pandemic, it fell behind the curve during the post-pandemic recovery. During...
Persistent link: https://www.econbiz.de/10014479735