deposit flight from the crisis economies is substituted by central bank credit. Given that this process has brought Deutsche …

-Gordon-type central bank loss function that in both cases surplus liquidity limits monetary policy autonomy. In case of fixed exchange …

), a keynote address by Baron Alexandre Lamfalussy, and the contributions of the policy panel on "Do central bank … Manager, BIS), were Mark Carney (Bank of Canada), Andrew Crockett (JPMorgan Chase International), Stefan Ingves (Sveriges … Riksbank), Lucas Papademos (former Vice-President, ECB) and Duvvuri Subbarao (Reserve Bank of India). The papers presented at …

implementing sterilization costs into the central bank's objective function the inflation bias increases …

Transparency is one of the biggest innovations in central bank policy of the past quarter century. Modern central … cause them to overreact to the signals from the central bank, leading the economy to be too sensitive to common forecast …

Transparency is one of the biggest innovations in central bank policy of the past quarter century. Modern central … cause them to overreact to the signals from the central bank, leading the economy to be too sensitive to common forecast …