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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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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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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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Determinants and implications of low global inflation rates
Berganza, Juan Carlos; Río López, Pedro del; … - 2016
for inflation-expectation anchoring and central bank credibility. Finally, we review the adverse effects on the real …
Persistent link: https://www.econbiz.de/10012529567
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Monetary policy strategy and inflation in Japan
Borrallo, Fructuoso; Río López, Pedro del - 2021
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
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Estrategia de política monetaria e inflación en Japón
Borrallo, Fructuoso; Río, Pedro del
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
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Inflation in the United States: recent developments and outlook
Borrallo, Fructuoso; Buesa, Alejandro; Párraga …
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
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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