Showing 1 - 10 of 216
, 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/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
Persistent link: https://www.econbiz.de/10012056812
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
Persistent link: https://www.econbiz.de/10003791391
affect output growth volatility, inflation rates, and the volatility of inflation, with focus on developing economies. Some …) greater monetary autonomy is associated with a higher level of inflation while greater exchange rate stability and greater … financial openness could lower the inflation level; (iii) a policy pursuit of stable exchange rate while financial development …
Persistent link: https://www.econbiz.de/10003854752