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Exchange rate targeting versus inflation targeting : empirical analysis of the impact on employment and economic growth
Krušković, Borivoje - In: Journal of central banking theory and practice 9 (2020) 2, pp. 67-85
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting) on economic growth and employment. On the panel of 18 countries for the period from 1996 to 2013, I tested the hypothesis that countries in exchange rate targeting have a...
Persistent link: https://www.econbiz.de/10012305750
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Inflation Targeting in India : Issues and Prospects
Jha, Raghbendra - 2011
paper evaluates the case for IT in India. It begins with stating, almost from first principles, the objectives of monetary … policy in India. I argue that inflation control cannot be an exclusive concern of monetary policy in a country such as India … than in developed market economies. The paper then discusses India's experience with using rules-based policy measures …
Persistent link: https://www.econbiz.de/10014060506
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10011541166
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Does low inflation pose a risk to economic growth and central banks reputation?
Dąbrowski, Marek - 2020
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the reputation of central banks. Thus, central banks should not...
Persistent link: https://www.econbiz.de/10012230450
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Inflation Targeting in Brazil, Chile and South Africa : An Empirical Investigation of Their Monetary Policy Framework
Kamal, Mona - 2015
framework. Furthermore, it provides an empirical assessment through using the unrestricted Vector Auto-regression (VAR) and …
Persistent link: https://www.econbiz.de/10013038371
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What Should Central Banks Target? Evidence on the Impact of Monetary Policy Regimes on Economic Growth
Wong, Kin Ming - 2015
Economists and policy-makers have long sought the ideal framework for monetary policy as it is arguably one of the most important tools for government to influence the economy. Exchange rate and inflation are believed to be the most appealing anchors for providing guidance to the conduct of...
Persistent link: https://www.econbiz.de/10013024911
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Output-Inflation Trade-offs and the Optimal Inflation Rate
Van Zandweghe, Willem - 2020
In staggered price models, a non-CES aggregator of differentiated goods generates empirically plausible short- and long-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output by increasing markups. We show that the...
Persistent link: https://www.econbiz.de/10012828858
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Inflation Targets Versus International Monetary Integration - a Canadian Perspective
Laidler, David E. W. - 2021
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders, rather than exchange rate regimes, and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and...
Persistent link: https://www.econbiz.de/10013320361
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Did the Bundesbank Target Monetary Expansion or Inflation? Evidence from Monetary Base Growth
Vaubel, Roland - 2012
Several empirical studies have suggested that the Bundesbank has pursued inflation targets rather than monetary targets. These studies have been criticized because they do not adequately measure the deviation from target and because they use some short term interest rate as a measure of the...
Persistent link: https://www.econbiz.de/10013111019
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10001703672