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Persistent link: https://www.econbiz.de/10000695138
This paper develops an analytical framework for the analysis of targeting rules for monetary policy. We derive the optimal money supply rule and analyze the implications of other monetary rules including rules that target nominal GNP, the price level, the monetary growth rate and the...
Persistent link: https://www.econbiz.de/10012477194
This paper develops an analytical framework for the analysis of targeting rules for monetary policy. We derive the optimal money supply rule and analyze the implications of other monetary rules including rules that target nominal GNP, the price level, the monetary growth rate and the...
Persistent link: https://www.econbiz.de/10013215376
, we document several potential fiscal dominance effects during 2000-2017 under Inflation Targeting (IT), and non …
Persistent link: https://www.econbiz.de/10012479945
Persistent link: https://www.econbiz.de/10012628024
. In this context, we test for greater fiscal dominance over 2000-2017 under Inflation Targeting (IT) and non-IT regimes … with greater exchange rate volatility, inflation volatility, and underlying commodity exposure exhibit stronger …
Persistent link: https://www.econbiz.de/10012867640
A growing share of emerging markets (EMs) uses hybrid versions of inflation targeting that differ from the IT regimes … capital inflow/outflow shocks. Inflation targeting works well with independent central banks, yet fiscal dominance concerns …
Persistent link: https://www.econbiz.de/10012219537
Persistent link: https://www.econbiz.de/10012056812
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …
Persistent link: https://www.econbiz.de/10003943689
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …
Persistent link: https://www.econbiz.de/10003921540