Showing 1 - 10 of 12,097
Persistent link: https://www.econbiz.de/10003714478
Persistent link: https://www.econbiz.de/10003354897
In this paper we examine how target ranges work in the context of a Barro-Gordon (1983) type model, in which the time-inconsistency problem stems from political pressures from the government. We show that target ranges turn out to be an excellent way to cope with the time-inconsistency problem,...
Persistent link: https://www.econbiz.de/10012779650
In this paper we examine how target ranges work in the context of a Barro-Gordon (1983) type model, in which the time-inconsistency problem stems from political pressures from the government. We show that target ranges turn out to be an excellent way to cope with the time-inconsistency problem,...
Persistent link: https://www.econbiz.de/10012466281
Persistent link: https://www.econbiz.de/10003834697
Persistent link: https://www.econbiz.de/10001675128
Persistent link: https://www.econbiz.de/10014384477
We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock … component and a central bank information shock component. We identify both components using changes in interest rate futures and … that a contractionary interest rate shock appreciates the dollar, increases the excess bond premium, and leads to a decline …
Persistent link: https://www.econbiz.de/10012295246
inflation volatility faced by the central bank of a small open economy by analysing the impact of a global cost-push shock. We …
Persistent link: https://www.econbiz.de/10003905127