central bank less conservative than society, however if the outside option is in real terms. As the nominal components of the … optimal if the government can choose the level of unemployment benefits as well as the degree of central bank conservatism. …

bank's control, and ignores the role played by the quantity of money in the transmission mechanism. Even though monetary …

We study the impact of outright (i.e., permanent) Open Market Operations (POMOs) by the Federal Reserve Bank of New … parsimonious model of speculative trading in the presence of a stylized Central Bank targeting the price of the traded asset …

analysis of the laws, which regulate the activity of the Bank of Lithuania and its monetary policy, analysis of scientific …

the process of monetary policy. This paper aims to assess the degree to which the South African Reserve Bank's (SARB …

anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to … macroeconomics surprises, because they trust the central bank to manage these incidents and achieve the objectives they communicated … in the original studies supports the contention that the SARB (South African Reserve Bank) has encouraged inflation …

a convergence club. When investigating the interest rate pass-through from central bank onto retail rates for this …

The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary … Central Bank) if the policy makers should take into consideration Taylor Rule that mainly depends on the interest rate or …

European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be …

Bank by the Public Protector, pushing for change in the Bank’s role, which saw the rand fall by two percent and has … deteriorated even further to trade at R13.50 to the US dollar. She has called for a revision of the Reserve Bank’s constitutional …