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Disinflationary booms?
Merkl, Christian - In: Economics Letters 121 (2013) 1, pp. 105-109
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous...
Persistent link: https://www.econbiz.de/10011041790
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Disinflationary Booms?
Merkl, Christian - Institut für Weltwirtschaft (IfW) - 2013
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous...
Persistent link: https://www.econbiz.de/10010886897
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Could Japan Target the Price Level or Inflation - What Happens to Monetary Policy Effectiveness during Disinflation?
MEHROTRA, Aaron - Department of Economics, European University Institute - 2004
able to stimulate an economy with a low inflation rate or deflation. Both with perfect foresight and using backward … Japan out of deflation and that fiscal measures need to be implemented in unison with monetary policy. …
Persistent link: https://www.econbiz.de/10005744299
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Frontiers of Monetary Policymaking: Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic
Alichi, Ali; Benes, Jaromir; Felman, Joshua; Feng, Irene; … - International Monetary Fund (IMF) - 2015
complementary monetary policy tool to stimulate the economy and combat the risks of deflation when the policy interest rate is at …
Persistent link: https://www.econbiz.de/10011242190
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Costa Rica; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for C...
International Monetary Fund (IMF); International … - 2008
The Costa Rican economy has grown at rapid rates in the last three years, underpinned by a robust world expansion, sound economic policies, and strong business and consumer confidence. Economic policies have been well oriented. The fiscal position has substantially improved. The exchange rate...
Persistent link: https://www.econbiz.de/10011242798
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Ghana; Selected Issues
International Monetary Fund (IMF); International … - 2008
challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The …
Persistent link: https://www.econbiz.de/10011243488
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Learning, endogenous indexation and disinflation in the New-Keynesian model
Wieland, Volker - Center for Financial Studies - 2008
disinflation under inflation targeting policies. The analysis is motivated by the disinflation performance of many inflation …-targeting countries, in particular the gradual Chilean disinflation with temporary annual targets. At the start of the disinflation … adaptive learning lowers the cost of disinflation. This reduction can be exploited by a gradual approach to disinflation. Firms …
Persistent link: https://www.econbiz.de/10011200313
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A quantitative exploration of the opportunistic approach to disinflation
Aksoy, Yunus; Orphanides, Athanasios; Small, David; … - Center for Financial Studies - 2005
inflation and its target, and the gap between output and its potential. Under the opportunistic approach to disinflation a …
Persistent link: https://www.econbiz.de/10010986427
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A Quantitative Exploration of the Opportunistic Approach to Disinflation
Aksoy, Yunus; Orphanides, Athanasios; Small, David; … - C.E.P.R. Discussion Papers - 2003
to be known as ‘the opportunistic approach to disinflation’. The implied policy rule is non-linear and path … disinflation, as well as the stochastic steady-state distributions of inflation and output under opportunistic versus linear policy …
Persistent link: https://www.econbiz.de/10005123544