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, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010513258
evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/ inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to 2001 monetary …
Persistent link: https://www.econbiz.de/10012115526
policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …
Persistent link: https://www.econbiz.de/10012148910
This paper develops an estimated New Keynesian model of a commodity-exporting economy for an integrated policy framework, integrating the full range of policies used in practice and featuring a range of nominal and real rigidities, macro-financial linkages, and transmission channels of external...
Persistent link: https://www.econbiz.de/10014374541
This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...
Persistent link: https://www.econbiz.de/10014450407
range-based covariance estimator that is motivated by financial economic considerations (the absence of arbitrage), in …
Persistent link: https://www.econbiz.de/10010298281
Persistent link: https://www.econbiz.de/10014334700
budget consolidation, interest rate hikes, or lowering the target inflation rate could prevent a crisis. The most effective … and efficient measure is lowering the perceived inflation target by restoring central bank's independence, thereby … regaining investor confidence. Loans from international partners would also stabilize Turkey's currency, inflation, and economy …
Persistent link: https://www.econbiz.de/10011913043
Partner würden die Währung, Inflation und Wirtschaft stabilisieren - und den Reformprozess in der Türkei unterstützen. …
Persistent link: https://www.econbiz.de/10011919111
the 1980s and early 1990s, to a low response some time after inflation targeting was implemented. Canada also observed a … regime change, but the decline in the exchange rate response was small relative to the increase in the response to inflation … stayed in a regime of high exchange rate response prior and post implementing inflation targeting. …
Persistent link: https://www.econbiz.de/10012143836