Narrow search
Showing 1 - 10 of 211
Cover Image
Money in monetary policy design: Monetary cross-checking in the New-Keynesian Model
Beck, Guenter W.; Wieland, Volker - 2009
In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...
Persistent link: https://www.econbiz.de/10010303717
Cover Image
Money in monetary policy design: Monetary cross-checking in the New-Keynesian model
Wieland, Volker; Beck, Günter W. - 2010
In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...
Persistent link: https://www.econbiz.de/10011605237
Cover Image
Openness, imperfect exchange rate pass-through and monetary policy
Smets, Frank; Wouters, Raf - 2002
This paper analyses the implications of imperfect exchange rate passthrough for optimal monetary policy in a linearised open-economy dynamic general equilibrium model calibrated to euro area data. Imperfect exchange rate pass through is modelled by assuming sticky import price behaviour. The...
Persistent link: https://www.econbiz.de/10011506541
Cover Image
Zinserhöhung der EZB: Wie groß ist die Inflationsgefahr?
Mayer, Thomas; Schmieding, Holger; Jäger-Ambrozewicz, … - In: ifo Schnelldienst 64 (2011) 14, pp. 3-26
werden. Es wäre somit wünschenswert, wenn die EZB ihre begonnene restriktive Geldpolitik fortsetzen würde. Hans Wolfgang …
Persistent link: https://www.econbiz.de/10011693203
Cover Image
Führt die Geldpolitik der japanischen Zentralbank zu einem Währungskrieg?
Matthes, Jürgen; Löchel, Horst; Vollmer, Uwe; … - In: ifo Schnelldienst 66 (2013) 10, pp. 3-18
Beginnt die japanische Notenbank mit ihrer lockeren Geldpolitik einen Abwertungswettlauf? Jürgen Matthes, Institut der … japanische Geldpolitik aus der Perspektive der aufstrebenden Volkswirtschaften zu beurteilen. Für sie folge aus dem Kurs der … japanischen Geldpolitik, dass noch mehr Kapital in ihre Länder fließe, was mit der Gefahr der Bildung von Vermögensblasen, einer …
Persistent link: https://www.econbiz.de/10011693495
Cover Image
Has the inclusion of forward-looking statements in monetary policy communications made the Bank of Canada more transparent?
Fay, Christine; Gravelle, Toni - 2010
To investigate the extent to which the transparency of the Bank of Canada's monetary policy has improved, the authors examine empirically - over the period 30 October 2000 to 31 May 2007 - the reaction of Canadian financial markets to official Bank communications, and in particular their...
Persistent link: https://www.econbiz.de/10010289714
Cover Image
The Norges Bank's key rate projections and the news element of monetary policy: A wavelet based jump detection approach
Winkelmann, Lars - 2010
This paper investigates the information content of the Norges Bank's key rate projections. Wavelet spectrum estimates provide the basis for estimating jump probabilities of short- and long-term interest rates on monetary policy announcement days before and after the introduction of key rate...
Persistent link: https://www.econbiz.de/10010281508
Cover Image
The information content of central bank interest rate projections: Evidence from New Zealand
Detmers, Gunda-Alexandra; Nautz, Dieter - 2011
The Reserve Bank of New Zealand (RBNZ) has been the first central bank that began to publish interest rate projections in order to improve its guidance of monetary policy. This paper provides new evidence on the role of interest rate projections for market expectations about future short-term...
Persistent link: https://www.econbiz.de/10010281576
Cover Image
A double-edged sword: High interest rates in capital-control regimes
2009
Persistent link: https://www.econbiz.de/10014306479
Cover Image
Optimal monetary policy in a small open economy with financial frictions
Merola, Rossana - 2010
I analyze how the introduction of financial frictions can affect the trade-off between output stabilization and inflation stability and whether, in the presence of financial frictions, the optimal outcome can be realized or approached more closely if monetary policy is allowed to react to...
Persistent link: https://www.econbiz.de/10010299951