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Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada
Siklos, Pierre L. - 2000
Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … Frage nahe, ob tatsächlich - wie der Präsident der Zentralbank kürzlich feststellte - ' ... die Erfolge der Bank von Kanada …
Persistent link: https://www.econbiz.de/10010295696
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Did the Bundesbank React to Stock Price Movements?
Siklos, Pierre L.; Bohl, Martin T.; Werner, Thomas - 2003
der geldpolitischen Entscheidungen durch die Europäische Zentralbank im Jahre 1999 systematisch auf Veränderungen der …
Persistent link: https://www.econbiz.de/10010295762
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The Role of Asset Prices in Euro Area Monetary Policy: Specification and Estimation of Policy Rules and Implications for the European Central Bank
Bohl, Martin T.; Siklos, Pierre L. - 2005
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10010296350
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Is there wisdom in a second opinion? Shadowing the ECB and the Bank of England
Neuenkirch, Matthias; Siklos, Pierre L. - 2011
The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professionals and academic economists who provide a separate policy rate recommendation in advance of the central bank's announcement. We explore differences between shadow and actual committee decisions based on an...
Persistent link: https://www.econbiz.de/10010281473
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Data Revisions, Gradualism, and US Inflation Pressure in Real Time
Siklos, Pierre L.; Weymark, Diana N. - Vanderbilt University Department of Economics - 2011
Uncertainties associated with the informational content of real-time data and the impact of policy initiatives on expectations have been offered as rationales for gradualism in monetary policy. Our objective is to assess these potential explanations quantitatively. Focusing on inflation as the...
Persistent link: https://www.econbiz.de/10009320361
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Fiscal and monetary institutions and policies: onward and upward?
Burdekin, Richard C.K.; Banaian, King; Hallerberg, Mark; … - In: Journal of Financial Economic Policy 3 (2011) November, pp. 340-354
Purpose – The latest generation of research into macroeconomic policy has turned from more technical aspects of optimal control and expectations formation to consideration of the policymaking institutions themselves. More and more countries have moved towards greater degrees of central bank...
Persistent link: https://www.econbiz.de/10010611017
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As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices
Siklos, Pierre L. - In: C.D. Howe Institute Commentary (2009) 292
The Bank of Canada must take account of the international environment, where inflation targeting has become widespread, as it considers Canada’s future options. This study examines international experience with monetary policy over the past decade and the consequences of the worldwide spread...
Persistent link: https://www.econbiz.de/10004964341
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Data Revisions, Gradualism, and US Inflation Pressure in Real Time
Siklos, Pierre L.; Weymark, Diana N. - Vanderbilt University Department of Economics - 2008
Uncertainties associated with the informational content of real-time data and the impact of policy initiatives on expectations have been offered as rationales for gradualism in monetary policy. Our objective is to assess these potential explanations quantitatively. Focusing on inflation as the...
Persistent link: https://www.econbiz.de/10005595927
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Has Inflation Targeting Improved Monetary Policy? Evaluating Policy Effectiveness in Australia, Canada, and New Zealand
Siklos, Pierre L.; Weymark, Diana N. - Vanderbilt University Department of Economics - 2009
The degree to which explicit inflation targets contribute to the success of price stabilization policies has not been conclusively established. To assess the impact of announced inflation targets on the effectiveness of monetary policy, we construct indicators of inflation pressure that allow us...
Persistent link: https://www.econbiz.de/10005585301
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What do central banks talk about? : a European perspective on central bank communication
Feldkircher, Martin; Hofmarcher, Paul; Siklos, Pierre L. - In: Focus on European economic integration (2021) 2, pp. 61-81
Persistent link: https://www.econbiz.de/10012617077