Showing 1 - 10 of 29
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with … rates well below the central bank’s target in recent decades. This document analyses the changes in the Bank of Japan …
Persistent link: https://www.econbiz.de/10012588241
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …
Persistent link: https://www.econbiz.de/10012588242
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
Diese Arbeit widmet sich der Analyse korrupter Strukturen in Zentralbanken und deren Auswirkungen auf die Geldpolitik … unterschiedlichen L?ndern wie Zaire (demokratisch Kongo), Indonesien, Brasilien und Japan werden im Rahmen dieser Arbeit pr …
Persistent link: https://www.econbiz.de/10009484798
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
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
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
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
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
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