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too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … from a clear definition of price stability as a symmetric 2% goal for inflation, which the Bank adopted in 2013. … Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …
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Unabhängigkeit wird zunehmend dadurch gefährdet, dass es in diesem Prozess zu einer Verquickung von Fiskal- und Geldpolitik kommt …
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This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective...
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