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€™s inflation-targeting policy and a developed model with the exchange rate taken into account. Based on real-time quarterly …, Sveriges Riksbank, was not merely adjusting its repo rate in response to the changes in expected inflation and output … deviations. An approach that is known as one of a central bank’s classic regulation tools to deal with domestic inflation first …
Persistent link: https://www.econbiz.de/10011205761
The launch of the euro has fed doubts concerning the constitution of an optimal European monetary zone. Indeed, the differences in legal, institutional and cultural frameworks… as well as the diversity of the productive and financial European systems may have led to the idea that Europe does...
Persistent link: https://www.econbiz.de/10011258339
varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with … inflation as the nominal anchor, a floating exchange rate, and the short-term interest rate as the main instrument. We examine …
Persistent link: https://www.econbiz.de/10010763879
crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …
Persistent link: https://www.econbiz.de/10010945756
crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …
Persistent link: https://www.econbiz.de/10010828188
, output and inflation expectations in an economy. Therefore, the ability to predict its movement over time with relative …
Persistent link: https://www.econbiz.de/10005406755
part of the monetary policy transmission process. The analysis also sheds light on the recent change in inflation …
Persistent link: https://www.econbiz.de/10008925034
Based on a more realistic assumption, we modify the Taylor regression. The modified Taylor regression gives an explanation of why the (standard) Taylor regression is spurious (in the econometric sense, i.e. no stable relationship among the variables of interest) and, at the same time, a solution...
Persistent link: https://www.econbiz.de/10010686070
inflation targeting as a monetary policy strategy, in light of the recommendation of the Urjit Patel Committee Report. Our … results indicate that historically the Reserve Bank of India has given more importance to inflation compared to output growth … monetary independence thereby comfortably placing the RBI on a path to move towards flexible inflation targeting. However we …
Persistent link: https://www.econbiz.de/10011108891
inflation targeting as a monetary policy strategy, in light of the recommendation of the Urjit Patel Committee Report. Our … results indicate that historically the Reserve Bank of India has given more importance to inflation compared to output growth … monetary independence thereby comfortably placing the RBI on a path to move towards flexible inflation targeting. However we …
Persistent link: https://www.econbiz.de/10010781510