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Financial market reactions to announcements of monetary policy decisions
Ferreira de Mendonça, Helder; Faria, Ivando - In: Journal of Economic Studies 40 (2013) 1, pp. 54-70
Purpose – The purpose of this paper is to make an analysis of the Brazilian experience after the adoption of inflation targeting concerning the effects caused by the new practices of transparency and communication in the monetary policy. Design/methodology/approach – Changes in the financial...
Persistent link: https://www.econbiz.de/10014863354
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Credibility and the credit channel transmission of monetary policy theoretical model and econometric analysis for Brazil
Caldas Montes, Gabriel; Cabral Machado, Caroline - In: Journal of Economic Studies 40 (2013) 4, pp. 469-492
monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … this study is that, in inflation targeting emerging economies, such as that of Brazil, following a committed monetary … activity and the process of anchoring of inflation expectations affect the supply of credit in Brazil. Moreover, the paper …
Persistent link: https://www.econbiz.de/10014864360
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The Monetary Transmission Mechanism in Egypt
Al-Mashat, Rania; Billmeier, Andreas - In: Review of Middle East Economics and Finance 4 (2008) 3, pp. 32-82
This paper examines the monetary transmission mechanism in Egypt against the background of the central bank's intention to shift to inflation targeting. It first describes the changing transmission channels over the last decade. Second, the channels are evaluated in a VAR model. The exchange...
Persistent link: https://www.econbiz.de/10014618769
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Prospects for Inflation Targeting in the MENA Region: Feasibility, Desirability and Alternatives
Yeldan, Erinc A. - In: Review of Middle East Economics and Finance 4 (2008) 3, pp. 83-100
Inflation targeting (IT) has recently become the dominant monetary policy prescription over the last decade. Emerging markets governments, in particular, are increasingly pressured to follow IT as part of their IMF-led stabilization packages and the routine rating procedures of the international...
Persistent link: https://www.econbiz.de/10014618778
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Central bank opacity and inflation uncertainty
Almeida, Ronaldo Trogo de; Corrêa, Wilson Luiz Rotatori; … - In: Journal of Economic Studies 44 (2017) 2, pp. 313-328
Purpose This paper relates to the literature on central bank (CB) transparency and inflation uncertainty. Considering that opacity is a possible source for inflation uncertainty the purpose of this paper is to test the hypothesis that increase in the dispersion of the degree of CB opacity...
Persistent link: https://www.econbiz.de/10014864513
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Inflation targeting and inflation management in Ghana
Kyereboah‐Coleman, Anthony - In: Journal of Financial Economic Policy 4 (2012) 1, pp. 25-40
Purpose – The Ghanaian economy has experienced relative stability, improved macroeconomic performance and resilience over the past few years, following the introduction of a new monetary policy framework called inflation targeting (IT). The purpose of this paper is to look at IT and its effect...
Persistent link: https://www.econbiz.de/10014866856
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Monetary policy in India: is something amiss?
Cristadoro, Riccardo; Veronese, Giovanni - In: Indian Growth and Development Review 4 (2011) 2, pp. 166-192
Purpose – Indian monetary policy performed reasonably well in the past, while both strategy and operational framework were evolving on par with domestic financial and monetary markets. The purpose of this paper is to document how this good track record came to an abrupt stop in recent years as...
Persistent link: https://www.econbiz.de/10014758954
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Economic policies, macroeconomic environment and entrepreneurs' expectations
Caldas Montes, Gabriel; Cesar Albuquerque Bastos, Júlio - In: Journal of Economic Studies 40 (2013) 3, pp. 334-354
inflation targeting in Brazil, emphasizing the effect of inflation targeting credibility on the business confidence of …
Persistent link: https://www.econbiz.de/10014863368
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Output‐inflation and unemployment‐inflation trade‐offs under inflation targeting
Ferreira de Mendonça, Helder - In: Journal of Economic Studies 36 (2009) 1, pp. 66-82
Purpose – This article aims to analyze if the adoption of inflation targeting in Brazil contributed to an improvement …‐offs. Findings – The findings denote that the disinflationary process implemented in Brazil, after the adoption of inflation …
Persistent link: https://www.econbiz.de/10014863192
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Monetary policy, prudential regulation and investment
Montes, Gabriel Caldas; Monteiro, Gabriel Gonçalves do Vale - In: Journal of Economic Studies 41 (2014) 6, pp. 881-906
supply of credit as well as the influence of such policies on the aggregate investment through the credit channel in Brazil …
Persistent link: https://www.econbiz.de/10014864675