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Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions
Grimm, Oliver - 2007
-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine …-establish credibility during periods of hyperinflation or of economic transition. The importance of monetary unions is a consequence of the …
Persistent link: https://www.econbiz.de/10009476166
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The Federal Reserve review of its monetary policy framework
Párraga, Susana; Río López, Pedro del; Vega …
Artículo de revista ; This article offers an overview of the monetary policy framework review currently being conducted by the United States Federal Reserve (Fed). First, we examine the alternative strategies under consideration to address the likely greater incidence of episodes in which...
Persistent link: https://www.econbiz.de/10012523907
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Fed communication on financial stability concerns and monetary policy decisions: revelations from speeches
Istrefi, Klodiana; Odendahl, Florens; Sestieri, Giulia
Este trabajo estudia el contenido de los discursos de los funcionarios de la Fed, poniendo el foco en la estabilidad financiera, desde 1997 hasta 2018. En él se desarrollan indicadores que miden tanto la intensidad como el tono de los discursos de los miembros de la Junta de Gobernadores y los...
Persistent link: https://www.econbiz.de/10012525972
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Fed´s financial stability concerns and monetary policy
Istrefi, Klodiana; Odendahl, Florens; Sestieri, Giulia
Summary of Banco de España Working Paper no. 2110
Persistent link: https://www.econbiz.de/10012670008
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Information, Central Bank Communication, and Aggregate Fluctuations
Mendes, Rhys R. - 2008
This thesis examines two closely related issues: (1) the ability of imperfect information models to explain some aspects of business cycle dynamics, and (2) the interaction between central bank communications and monetary policy. These issues are related because central bank communications can...
Persistent link: https://www.econbiz.de/10009455364
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Review of monetary policy in South Africa since 1994
Aron, Janine; Muellbauer, John - 2006
. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility …
Persistent link: https://www.econbiz.de/10009441502
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Optimal Central Bank Conservatism and Monopoly Trade Unions
Berger, Helge; Hefeker, Carsten; Schoeb, Ronnie - 2000
The “conservative central banker” has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10009447268
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Monetary Policy without Money: Hamlet without the Ghost
Laidler, David - 2003
Today' standard model of monetary policy has aggregate demand responding directly to an interest rate under the central bank's control, and ignores the role played by the quantity of money in the transmission mechanism. Even though monetary policy is usually aimed at controlling price level...
Persistent link: https://www.econbiz.de/10009447279
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Lietuvos pinigų politika
Baranovaitė, Marina - 2005
The object of the study – Lithuanian monetary policy. The purpose of the work – to estimate the level of achieved objectives of Lithuanian monetary policy and to forecast perspectives after joining to European Union. The main tasks: 1. to investigate the objectives, means and results of...
Persistent link: https://www.econbiz.de/10009478782
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Loud and clear? Can we hear when the SARB speaks?
Reid M.; Du Plessis S. - 2010
Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to the process of monetary policy. This paper aims to assess the degree to which the South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) has, since the introduction...
Persistent link: https://www.econbiz.de/10009480479