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The analysis of inflation’s effect on investment can contribute to a deeper understanding of the benefits of a monetary … conclusions about the inflation-investment relationship that can be drawn from traditional monetary models with exogenous growth …-makers to fail to take proper account of inflation’s impact on investment. We then survey research which, contrary to monetary …
Persistent link: https://www.econbiz.de/10008784503
Japanese monetary base expands faster than the US monetary base. An impact of monetary base expansion on the inflation …
Persistent link: https://www.econbiz.de/10010888626
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was … financial stability. Finally, this paper makes a case against increasing the central banks' inflation target. …
Persistent link: https://www.econbiz.de/10010958514
The Colombian economy experienced several shocks in the past ten years. The permanent fall of inflation, the adoption … of inflation targeting (IT) and a financial crisis altered the transmission mechanism of monetary policy. Low inflation … and IT reduced inflation persistence and contributed to anchor inflation expectations. The evidence is less conclusive …
Persistent link: https://www.econbiz.de/10005262737
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10009651458
This paper provides a theoretical framework for a thesis that the transition to the inflation targeting regime, either … empirical part we employed VECM tests to show that the money supply was exogenous before the implicit adoption of inflation …
Persistent link: https://www.econbiz.de/10009293715
Inflation targeting strategy has become a widely accepted monetary policy framework in many countries all over the … world. Our study finds that the central bank of Bangladesh is neither inflation targeting nor does follow any other rule … number of prerequisites to adopt inflation targeting strategy. Using data over 1980-2010 we estimate an error correction …
Persistent link: https://www.econbiz.de/10009644223
authorities adopt an flexible inflation-targeting regime in an environment with a liberalised capital account and flexible … exchange rates. In this respect, inflation targeting is an essential part of a three-part policy (or trinity) that also … includes flexible exchange rate and capital mobility. We show that a low degree of inflation targeting flexibility (i …
Persistent link: https://www.econbiz.de/10005836331
This paper asks to what extent the market prices in the future monetary policy decisions of the Czech National Bank (CNB), how this policy predictability has evolved over time, and whether the change in the central bank's forecasting methodology in mid-2002 had any impact. Using a sample up to...
Persistent link: https://www.econbiz.de/10005765488
inhabited by consumers, firms, a Cournotian monopolistically compet- itive banking system, besides, an inflation … effect of a lower inflation target on growth is ambiguous, with the ultimate effect depending on the initial levels of growth …
Persistent link: https://www.econbiz.de/10005773185