Showing 1 - 10 of 145
The decision-making process in the ECB's Governing Council remains opaque as the ECB, in contrast to many other central banks, does not publish the votes for or against a policy proposal. In this paper, we construct an index of dissent based on the ECB presidents' answers to journalists'...
Persistent link: https://www.econbiz.de/10012543060
significantly more favorable output-inflation trade-off than his peers. …
Persistent link: https://www.econbiz.de/10010356447
significantly more favorable output-inflation trade-off than his peers. …
Persistent link: https://www.econbiz.de/10010223512
significantly more favorable output-inflation trade-off than his peers. …
Persistent link: https://www.econbiz.de/10010487271
significantly more favorable output-inflation trade-off than his peers. This effect is driven by outstanding central bankers in …
Persistent link: https://www.econbiz.de/10013061701
The decision-making process in the ECB's Governing Council remains opaque as the ECB, in contrast to many other central banks, does not publish the votes for or against a policy proposal. In this paper, we construct an index of dissent based on the ECB presidents' answers to journalists'...
Persistent link: https://www.econbiz.de/10012543680
In this paper we systematically evaluate how central banks respond to deviations from the inflation target. We present … a stylized New Keynesian model in which agents' inflation expectations are sensitive to deviations from the inflation … inflation exceeded the target in the past. Moreover, the central bank responds non-linearly to past inflation gaps. This is …
Persistent link: https://www.econbiz.de/10010692011
In this paper we systematically evaluate how central banks respond to deviations from the inflation target. We present … a stylized New Keynesian model in which agents' inflation expectations are sensitive to deviations from the inflation … inflation exceeded the target in the past. Moreover, the central bank responds non-linearly to past inflation gaps. This is …
Persistent link: https://www.econbiz.de/10011048528
significantly more favorable output-inflation trade-off than his peers. …
Persistent link: https://www.econbiz.de/10011164178
significantly more favorable output-inflation trade-off than his peers. This effect is driven by outstanding central bankers in …
Persistent link: https://www.econbiz.de/10011099492