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-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
einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …
Persistent link: https://www.econbiz.de/10009433722
. 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
for inflation-expectation anchoring and central bank credibility. Finally, we review the adverse effects on the real …
Persistent link: https://www.econbiz.de/10012529567
Ante un período muy prolongado de baja inflación, el Banco de Japón ha ido modificando su estrategia de política monetaria en las dos últimas décadas y ha sido pionero en la introducción de medidas no convencionales: desde reducir los tipos de interés oficiales a cero y, más...
Persistent link: https://www.econbiz.de/10012588241
Ante un período muy prolongado de baja inflación, el Banco de Japón ha ido modificando su estrategia de política monetaria en las dos últimas décadas y ha sido pionero en la introducción de medidas no convencionales: desde reducir los tipos de interés oficiales a cero y, más...
Persistent link: https://www.econbiz.de/10012588242
Artículo de revista ; Global inflation rates have increased since early 2021, especially in the United States, where there has been an upward surprise in recent months. Part of the US inflation increase is due to a statistical phenomenon stemming from the comparison of current and previous-year...
Persistent link: https://www.econbiz.de/10014283484
In the aftermath of a major financial crisis in the 1990s, price stability has become an important argument of the future monetary policy stance in many emerging economies. As such, emerging economies in Asia and Latin America have switched to inflation targeting as their monetary policy. This...
Persistent link: https://www.econbiz.de/10009441615
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
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.The international literature review of the topic...
Persistent link: https://www.econbiz.de/10009457851