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Customer Markets and the Real Effects of Monetary Policy Shocks

Hristov, Nikolay - 2008

In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used theoretical framework for addressing various normative issues such as how optimal monetary and fiscal policy should be conducted. However, the New Keynesian Model has been criticized...

Persistent link: https://www.econbiz.de/10009482289

Corruption and Central Banks

Schinke, Michael - 2005

Diese Arbeit widmet sich der Analyse korrupter Strukturen in Zentralbanken und deren Auswirkungen auf die Geldpolitik …?sentiert. Sie sollen darlegen, dass korruptes Verhalten in einer Zentralbank nicht nur denkbar ist, sondern auch tats … Modell basiert auf der Modellierung zeitinkonsistenten Verhaltens der Zentralbank. Eine nominale Rigidit?t des Geldlohnsatzes …

Persistent link: https://www.econbiz.de/10009484798

Robust Control and Persistence in New Keynesian Monetary Policy Analysis

Paetz, Michael - 2007

einem neukeynesianischem Modell untersucht. Da die Entscheidung einer Zentralbank über die optimale Zinssetzung unter … von gestörten Modellen um das Referenzmodell und wählt die optimale Geldpolitik so, dass diese im ungünstigsten Modellfall … geldpolitisches Instrument beinhaltet. Wesentlich für die Herleitung der optimalen Geldpolitik ist die Persistenz in der Inflations …

Persistent link: https://www.econbiz.de/10009449715

Inflation targeting in emerging countries: the exchange rate issues

Auernheimer, Leonardo (contributor) - 2003

The current discussion of Inflation Targeting (IT) in emerging economies deals with the effects that nominal exchange rate movements have on the overall inflation rate. The literature has focused in the analysis of the advantages and disadvantages that IT has with respect to other monetary...

Persistent link: https://www.econbiz.de/10009465021

Inflation and Economic Growth: A Cross-Country Non-linear Analysis

Pollin, Robert; Zhu, Andong - 2005

This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for 80 countries over the period 1961 – 2000. We perform tests using the full sample of countries as well as sub-samples consisting of OECD countries, middle-income countries, and...

Persistent link: https://www.econbiz.de/10009467896

Europos Centrinio banko veiklos teisinis reguliavimas

Narbutaitė, Gema - 2006

The replacement of a multi-currency system by a single currency on the basis of the European Economic and Monetary Unit is the stage in the same integration and convergence process; monetary policy that recently was the matter of each state was handed over to the European Central Bank. A...

Persistent link: https://www.econbiz.de/10009478178

Infliacijos teisinė analizė

Seniut, Eva - 2007

A high inflation rate is the main obstacle prohibiting euro lead into the state, that‘s why the inflation theme is the urgent one. We analyzed the inflation not only from the economic perspective, but from the legal side too. The changes of property forms, legal tends, extent of inflation,...

Persistent link: https://www.econbiz.de/10009478992

The transmission mechanism of monetary policy in Botswana

Kganetsano, Tshokologo A. - 2007

Macroeconomic stability is one of the most important national objectives in anycountry. However, economies are often subjected to a number of shocks(internal and external), which can be destabilising, produce volatility and make itdifficult to achieve and maintain economic stability....

Persistent link: https://www.econbiz.de/10009461171

Testing the impact of inflation targeting on inflation

Tawadros, G - 2009

The purpose of this paper is to examine the impact of inflation targeting on inflation for 27countries that have adopted an inflation-targeting regime. The paper uses intervention analysis in Harvey's structuraltime series model to analyse the impact of inflation targeting on inflation, using...

Persistent link: https://www.econbiz.de/10009481783

Exchange rate pass-through in the euro area and EU countries

Ortega Eslava, Eva; Osbat, Chiara - 2020

La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...

Persistent link: https://www.econbiz.de/10012523788