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We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys - one of central bank governors, the other of academic specialists. We find that central banks in crisis countries are more likely to have resorted to...
Persistent link: https://www.econbiz.de/10011635320
Persistent link: https://www.econbiz.de/10013484716
We first sketch how central banks have used unconventional monetary policy measures by using three indicators based on the composition of the balance sheet of eleven central banks. Our analysis suggests that although the ECB's balance sheet has increased dramatically during the crisis, the...
Persistent link: https://www.econbiz.de/10013080630
changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …
Persistent link: https://www.econbiz.de/10011554981
We analyse whether central bank independence (CBI) affects inflation in developing countries. For this purpose we have … after high inflation countries are added to the sample. …
Persistent link: https://www.econbiz.de/10011399279
We analyse whether central bank independence (CBI) affects inflation in developing countries. For this purpose we have … after high inflation countries are added to the sample …
Persistent link: https://www.econbiz.de/10013320881
Persistent link: https://www.econbiz.de/10011545683
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using … data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock …, and panel regressions in which all variables are defined as five-year averages to examine the impact of inflation on the …
Persistent link: https://www.econbiz.de/10012197609
Persistent link: https://www.econbiz.de/10012315727
We first sketch how central banks have used unconventional monetary policy measures by using three indicators based on the composition of the balance sheet of eleven central banks. Our analysis suggests that although the ECB's balance sheet has increased dramatically during the crisis, the...
Persistent link: https://www.econbiz.de/10010757276