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Monetary Policy Rules, Learning and Stability: a Survey of the Recent Literature (In French)
ZUMPE, Martin - Groupe de Recherche en Économie Théorique et … - 2010
This paper presents the literature about econometric learning and its impact on the performances of monetary policy … can be interpreted as a learning proces of the model’s agents. This learning proces induces additional dynamics into the … to learning in the modified model. Taking learning into account enables to detect shortcomings of a rule according to (ii …
Persistent link: https://www.econbiz.de/10008476333
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Seuils d'inflation et variabilité des prix relatifs dans l'espace CEDEAO
Egbuna, Eunice N.; John-Sowe, Maimuna; Kargbo, Santigie M. - 2020
While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed and emerging market economies because of its direct relevance to monetary policy implementation, research has neglected this linkage in most developing countries especially in...
Persistent link: https://www.econbiz.de/10014278149
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Évaluation de l'état de préparation des pays de la ZMAO à la migration vers un cadre de ciblage de l'inflation
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Diallo, … - 2021
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10014278241
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The Impact of the Basel III Liquidity Regulations on the Bank Lending Channel: A Luxembourg case study
Giordana, Gaston; Schumacher, Ingmar - Central Bank of Luxembourg - 2011
In this paper we study the impact of the Basel III liquidity regulations, namely the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), on the bank lending channel in Luxembourg. For this aim we built, based on individual bank data, time series of the LCR and NSFR for a...
Persistent link: https://www.econbiz.de/10009283380
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Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation
Walque, Gregory de; Pierrard, Olivier; Sneessens, Henri; … - Central Bank of Luxembourg - 2008
We build a model with frictional unemployment and staggered wage bargaining and we assume that hours worked are negotiated every period. We analyze the role of workers? bargaining power in the hours negotiation on unemployment volatility and inflation persistence. The closer to zero is this...
Persistent link: https://www.econbiz.de/10009276972
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Seuils d'inflation et variabilité des prix relatifs dans l'espace cedeao
Egbuna, Eunice N.; John-Sowe, Maimuna; Kargbo, Santigie M. - 2020
While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed and emerging market economies because of its direct relevance to monetary policy implementation, research has neglected this linkage in most developing countries especially in...
Persistent link: https://www.econbiz.de/10014234366
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Évaluation de l'état de préparation des pays de la ZMAO à la migration vers un cadre de ciblage de l'inflation
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Diallo, … - 2021
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10014234424
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The art of central banking of the ECB and the separation principle.
Clerc, L.; Bordes, C. - Banque de France - 2010
This paper examines the art of central banking as practised by the European Central Bank (ECB) through the prism of Goodfriend's (2009) determination of the three policies that fall within the remit of a central bank: monetary policy, which consists in varying the size of the balance sheet,...
Persistent link: https://www.econbiz.de/10008548998
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Politique monétaire, stabilité macroéconomique et changement structurel
Gaffard, Jean-Luc - Centre de recherche en Économie (OFCE), Sciences … - 2010
This paper is dedicated at reconsidering objectives and instruments of monetary policy and also at redefining a policy mix in an economy which is systematically confronted to imbalances due to changes in technology, in the composition of demand or in the distribution of income, It is motivated...
Persistent link: https://www.econbiz.de/10008553076
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Comportement du banquier central en environnement incertain
Avouyi-Dovi, S.; Sahuc, J-G. - Banque de France - 2009
Several recent papers are devoted to the examination of the central banker's behaviour in an uncertain economic environment. This paper proposes, from a central banker's point of view, a synthesis of the main sources of uncertainty as well as an illustration of their effects within an analytical...
Persistent link: https://www.econbiz.de/10008479237