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The article aims at determining the inflation influence between Poland and selected EU member states. Although for some … time the general inflation level in those countries was definitely controllable, the problem seems to be returning. That is … determine inflation influences on Poland. The study confirmed the impact of the selected countries on Polish inflation …
Persistent link: https://www.econbiz.de/10010009393
major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …
Persistent link: https://www.econbiz.de/10010148062
Persistent link: https://www.econbiz.de/10010160661
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …
Persistent link: https://www.econbiz.de/10010160677
rate, or a lower expected inflation rate would increase real output. Fiscal prudence may be needed as the coefficient of …
Persistent link: https://www.econbiz.de/10009958051
While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...
Persistent link: https://www.econbiz.de/10010079570
This article examines the impact of news about the Bank of Japan monetary policy announcements regarding the Japanese yen, US dollar, and the Euro interest rates. Whether or not the announcements from the monetary authorities impact the domestic markets is related to the success of their...
Persistent link: https://www.econbiz.de/10010009133
The purpose of this paper is to examine whether the choice of exchange rate regime can affect the likelihood of banking crises in emerging countries. We estimate the impact of exchange rate arrangements on crises in a panel-data set of 56 emerging countries using a logit method. We find that...
Persistent link: https://www.econbiz.de/10010118424
adopt flexible inflation targeting as part of a broad reform package that includes improved financial regulation and fiscal … economies. -- monetary policy ; asset prices ; inflation targeting ; macroeconomic stability …
Persistent link: https://www.econbiz.de/10010148273
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671