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The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10011255197
makers. Canada's recent economic performance under its current monetary order -- inflation targets, underpinned by a flexible …
Persistent link: https://www.econbiz.de/10005212370
The aim of paper to search whether there is a change in relationship between inflation rate and domestic economic … inflation rate -especially on traded goods inflation rate. özet Çalışmanın amacı Türkiye’de enflasyon oranı ile yurtiçi ekonomik …
Persistent link: https://www.econbiz.de/10005078875
The paper extends previous analysis of closed-economy inflation targeting to a small open economy with forward … for monetary policy. The paper compares targeting of CPI and domestic inflation, strict and flexible inflation targeting …, and inflation-targeting reaction functions and the Talyor rule. The optimal monetary policy response to several different …
Persistent link: https://www.econbiz.de/10005779978
The paper advances a simple and tractable Wicksellian model of inflation, in which the price level is determined by the …
Persistent link: https://www.econbiz.de/10005032839
economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …
Persistent link: https://www.econbiz.de/10005406116
Previous analysis of the implementation of inflation targeting is extended to monetary policy responses to different … stabilization or smoothing all call for a more gradual adjustment of the conditional inflation forecast toward the inflation target …. The conditional inflation forecast is the natural intermediate target during inflation targeting. …
Persistent link: https://www.econbiz.de/10005638758
The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the …
Persistent link: https://www.econbiz.de/10005638794
Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative … performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient …, with both higher inflation and output variability. This is true even with a deterministic money demand formulation. In this …
Persistent link: https://www.econbiz.de/10005638824
Price level targeting (without base drift) and inflation targeting (with base drift) are compared under commitment and …
Persistent link: https://www.econbiz.de/10005638829