Similar Search Results

Inflation targeting, credibility, and non-linear Taylor rules

Neuenkirch, Matthias; Tillmann, Peter - In: Journal of international money and finance 41 (2014), pp. 30-45

Persistent link: https://www.econbiz.de/10010338745

Robust monetary policy, optimal delegation and misspecified potential output

Tillmann, Peter - In: Economics letters 123 (2014) 2, pp. 244-247

Persistent link: https://www.econbiz.de/10010400243

Inflation targeting, credibility and non-linear Taylor rules

Neuenkirch, Matthias; Tillmann, Peter - 2012

In this paper we systematically evaluate how central banks respond to inflation deviations from target. We present a stylized New Keynesian model in which agents' inflation expectations are sensitive to inflation deviations from target. To (re-)establish credibility, optimal monetary policy...

Persistent link: https://www.econbiz.de/10009564263

Robust monetary policy under uncertainty about the lower bound

Tillmann, Peter - 2019

Central banks face uncertainty about the true location of the effective lower bound (ELB) on nominal interest rates. We model optimal discretionary monetary policy during a liquidity trap when the central bank designs policy that is robust with respect to the location of the ELB. If the central...

Persistent link: https://www.econbiz.de/10011992357

Robust monetary policy under uncertainty about the lower bound

Tillmann, Peter - In: The B.E. journal of macroeconomics 21 (2021) 1, pp. 309-321

Persistent link: https://www.econbiz.de/10012437728

Uncertainty about Federal Reserve policy and Its transmission to emerging economies : evidence from Twitter

Tillmann, Peter - 2016

It is well known that a tightening or easing of the United States' monetary policy affects financial markets in emerging economies. This paper argues that uncertainty about future monetary policy is a separate transmission channel. We focus on the taper tantrum episode in 2013, a period with an...

Persistent link: https://www.econbiz.de/10011546623

Capital inflows and asset prices : evidence from emerging Asia

Tillmann, Peter - 2012

The withdrawal of foreign capital from emerging countries at the height of the recent financial crisis and its quick return sparked a debate about the impact of capital flow surges on asset markets. This paper addresses the response of property prices to an inflow of foreign capital. For that...

Persistent link: https://www.econbiz.de/10010392193

The role of global and domestic shocks for inflation dynamics : evidence from Asia

Finck, David; Tillmann, Peter - 2019

This paper studies the determinants of business cycles in small open economies and adds to the discussion about the changing nature of inflation dynamics. We estimate a series of VAR models for a set of six Asian emerging market economies, in which we identify a battery of domestic and global...

Persistent link: https://www.econbiz.de/10011964249

News shocks spillovers : how the euro area responds to expected Fed policy

Rudel, Paul; Tillmann, Peter - 2018

monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future … monetary policy becoming available today. One example of a monetary news shock is a Forward Guidance announcement, where the … shocks. We estimate the response of the euro area to an expected future policy tightening of the Fed. The U.S. news shock …

Persistent link: https://www.econbiz.de/10011921241

News shock spillovers : how the euro area responds to expected fed policy

Rudel, Paul; Tillmann, Peter - 2024

monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future … monetary policy becoming available today. One example of a monetary news shock is a forward guidance announcement, where the … shocks. We estimate the response of the euro area to an expected future policy tightening of the Fed. The U.S. news shock …

Persistent link: https://www.econbiz.de/10014637094

1
2
3
4
5
6
7
8
9
10
Next
Last