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Considerations on the monetary policy framework of the European Central Bank

Tosato, Andrea Giorgio - 2022

dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the …

Persistent link: https://www.econbiz.de/10012802090

Chapter 23. The Performance of Alternative Monetary Regimes

Ball, Laurence - In: Handbook of monetary economics : volume 3, (pp. 1303-1343). 2010

This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2)...

Persistent link: https://www.econbiz.de/10014025619

Inflation Targeting in the Light of Lessons from the Financial Crisis

Abel, Istvan - 2015

This paper surveys the changes triggered by the financial crisis and the theoretical and practical options for the renewal of the inflation targeting framework. While a comprehensive overview would be impossible to provide, it seeks to present the changes in the monetary strategy of Magyar...

Persistent link: https://www.econbiz.de/10013025569

Price stability as a target for monetary policy : defining and maintaining price stability

Svensson, Lars E. O. - 1999 - This version: June 1999

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10011583083

Eurosystem monetary targeting : lessons from U.S. data

Rudebusch, Glenn D.; Svensson, Lars E. O. - 1999

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...

Persistent link: https://www.econbiz.de/10011585352

Inflation Targeting in the Light of Lessons from the Financial Crisis

Abel, Istvan - 2016

Persistent link: https://www.econbiz.de/10012995750

Understanding and predicting monetary policy framework choice

Sullivan, Megan - 2024

This paper investigates the determinants of countries' choice of monetary policy frameworks (MPF) for emerging and developing countries. Countries make different MPF choices and we think it is because they have different country-level characteristics (e.g. democratic strength and trade...

Persistent link: https://www.econbiz.de/10014471909

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E. O. - 1999

Persistent link: https://www.econbiz.de/10014186890

Eurosystem Monetary Targeting : Lessons from U.S. Data

Rudebusch, Glenn D.; Svensson, Lars E. O. - 1999

Persistent link: https://www.econbiz.de/10014188689

the anchoring of long-term inflation expectations

Castelnuovo, Efrem; Nicoletti-Altimari, Sergio; … - 2003

help anchoring inflation expectations. We use survey data on long-term inflation expectations in 15 industrial countries … since the early nineties to investigate how well anchored are inflation expectations. We find that in all countries except … Japan long-term inflation expectations are well anchored and, generally, increasingly so over the past decade. When …

Persistent link: https://www.econbiz.de/10009635904

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