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experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking …
Persistent link: https://www.econbiz.de/10012816140
estimating instrument rules that permit an influence from Maastricht Treaty inflation requirements via the estimation of Markov …
Persistent link: https://www.econbiz.de/10014053881
This paper is written by Hongyi Chen (Hong Kong Institute for Monetary and Financial Research) and Pierre Siklos (Wilfrid Laurier University and Balsillie school of International Affairs).Digitalization, spurred by the pandemic, has accelerated plans by many central banks to introduce retail...
Persistent link: https://www.econbiz.de/10014354151
This paper sheds new light on spillovers from US monetary policies before, during and after the 2008-09 global financial crisis by examining the behavior of select financial asset returns and incorporating indicators of the content of US Federal Open Market Committee announcements. The impact of...
Persistent link: https://www.econbiz.de/10012930030
. According to our simulations, the introduction of CBDC need not pose an inflation control problem but financial stability issues …
Persistent link: https://www.econbiz.de/10013238268
, and using cross-country data, we explore the hypothetical impact of CBDC on inflation and financial stability, based on … inflation, but financial stability remains at risk. We provide some policy implications …
Persistent link: https://www.econbiz.de/10013306958
Persistent link: https://www.econbiz.de/10014252253
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/10009235966
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
inflation averse than its UK counterpart, at least vis‐á‐vis the respective policy making bodies. Perhaps most significantly our …
Persistent link: https://www.econbiz.de/10013102930