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inflation rate and another for the exchange rate. In contrast, the exchange rate did not seem to be a concern for the monetary …
Persistent link: https://www.econbiz.de/10005243299
established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10011985528
This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … the period from 1970 to 2018. To measure the degree of independence, two measures are used, the Garriga (2016) index …, constructed from the laws and internal regulations of central banks, and the Dreher et al. (2008) index, based on the turnover …
Persistent link: https://www.econbiz.de/10012616390
After the bankruptcy of Lehman Brothers, in September 2008, there was huge stress in the financial markets. In the money markets, the Eurosystem had to adopt measures providing liquidity to banks in order to avoid the collapse of the interbank market. In this work we analyze the changes in the...
Persistent link: https://www.econbiz.de/10010280978
established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10011980261
This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … the period from 1970 to 2018. To measure the degree of independence, two measures are used, the Garriga (2016) index …, constructed from the laws and internal regulations of central banks, and the Dreher et al. (2008) index, based on the turnover …
Persistent link: https://www.econbiz.de/10012167321
En este documento se estima un modelo econométrico que descompone la seriede inflación trimestral anualizada entre un componente transitorio y otropermanente, este último inducido probablemente por las variaciones en la metadel Banco Central. Se concluye que la persistencia inflacionaria se...
Persistent link: https://www.econbiz.de/10008765704
Persistent link: https://www.econbiz.de/10012057264
the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these … respond more than proportionally to deviations in expected inflation over a one-year horizon. On the other hand, we find that …
Persistent link: https://www.econbiz.de/10014545922
This paper focuses on the implementation of the BCRA's monetary policy from the end of the convertibility regime to the present. The issuance of interest-bearing liabilities was a central element that gave the BCRA operational autonomy to implement its monetary policy within diverse...
Persistent link: https://www.econbiz.de/10014546021