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Inflation targeting, credibility and non-linear Taylor rules
Neuenkirch, Matthias; Tillmann, Peter - 2012
term in the central bank's optimal instrument rule, which we refer to as the credibility loss. Augmenting a standard Taylor …
Persistent link: https://www.econbiz.de/10010294449
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Opting out of the great inflation: German monetary policy after the breakdown of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2009
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10010298759
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Opting out of the great inflation: German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2008
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10010303730
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Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2009
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10011605066
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The monetary policy of the European Central Bank : strategy and implementation ; the European Monetary Union
Issing, Otmar - In: CESifo Forum 01 (2000) 2, pp. 3-9
Persistent link: https://www.econbiz.de/10011695617
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Lessons for monetary policy: What should the consensus be?
Issing, Otmar - 2011
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset...
Persistent link: https://www.econbiz.de/10010308567
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Central banks: Paradise lost
Issing, Otmar - 2012
Persistent link: https://www.econbiz.de/10010311802
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Managing financial market expectations: The role of central bank transparency and central bank communication
Neuenkirch, Matthias - 2010
In this paper, we study the influence of central bank transparency and informal central bank communication on the money … explicit prioritization of central bank objectives are the most important of these subcategories. Finally, there is no unique …
Persistent link: https://www.econbiz.de/10010281466
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Is there wisdom in a second opinion? Shadowing the ECB and the Bank of England
Neuenkirch, Matthias; Siklos, Pierre L. - 2011
The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professionals and academic economists who … provide a separate policy rate recommendation in advance of the central bank's announcement. We explore differences between …
Persistent link: https://www.econbiz.de/10010281473
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Bank of Canada communication, media coverage, and financial market reactions
Hayo, Bernd; Neuenkirch, Matthias - 2010
We examine the impact of Bank of Canada communications and media reporting on them on Canadian (short- and medium …
Persistent link: https://www.econbiz.de/10010286348