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Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries … countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend … shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning …
Persistent link: https://www.econbiz.de/10009457851
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, form the inflation concepts too. Inflation is an economical process, when …
Persistent link: https://www.econbiz.de/10009478992
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 …-through effect into inflation. So far none of them have dealt with the differences arising from the policy instruments used to fight …
Persistent link: https://www.econbiz.de/10009465021
inflation.Whereas extensive research on the transmission mechanism has been conductedin developed countries, such work in …
Persistent link: https://www.econbiz.de/10009461171
Este documento demuestra que las políticas de un banco central local pueden atenuar los efectos del ciclo financiero global [Global Financial Cycle (GFC)]. Para su identificación, analizamos la variación del GFC y las intervenciones del Banco Central de Brasil en los mercados derivados de...
Persistent link: https://www.econbiz.de/10012523796
This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...
Persistent link: https://www.econbiz.de/10009455940
activity of the Bank of Lithuania during the process of integration into the EU. The viability of the inflation rate maintained …
Persistent link: https://www.econbiz.de/10009478178
The major objective of this thesis is to investigate whether there exists a stable long run and short run equilibrium relationship between real money balances (M1 or M2) and their determinants in Thailand. A cointegration analysis and the Vector Error Correction Model (VECM) are conducted on...
Persistent link: https://www.econbiz.de/10009434859
Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …
Persistent link: https://www.econbiz.de/10009480479
sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …
Persistent link: https://www.econbiz.de/10009480481