Showing 1 - 10 of 8,025
This paper discusses the role of inflation expectations in the inflation dynamics of the Philippines since its adoption … of inflation targeting in 2002. It places a particular focus on the post-crisis period. A key finding is that agents have … become more forwardlooking with the adoption of inflation targeting. With the increased credibility of monetary policy …
Persistent link: https://www.econbiz.de/10012979010
This paper analyses the distribution of long-term inflation expectations in the euro area using individual density …
Persistent link: https://www.econbiz.de/10011636332
inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices …. Using a Phillips Curve framework we find a structural change after the collapse of Lehman Brothers when inflation …
Persistent link: https://www.econbiz.de/10012916305
Well-anchored inflation expectations have become a key indicator for the credibility of a central bank’s inflation … target. Since the outbreak of the recent financial crisis, the existence and the degree of de-anchoring of U.S. inflation … degree of U.S. inflation expectations anchoring. We confirm that inflation expectations have been partially de …
Persistent link: https://www.econbiz.de/10010529337
We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...
Persistent link: https://www.econbiz.de/10010461227
budget consolidation, interest rate hikes, or lowering the target inflation rate could prevent a crisis. The most effective … and efficient measure is lowering the perceived inflation target by restoring central bank’s independence, thereby … regaining investor confidence. Loans from international partners would also stabilize Turkey’s currency, inflation, and economy …
Persistent link: https://www.econbiz.de/10011904395
England in the wake of the global financial crisis on market- and survey-based measures of inflation expectations. The … uncertain. While short- and longer-term inflation expectation measures displayed sizeable upward movements towards pre …-crisis levels during the implementation of asset purchase programmes, the reaction of inflation swap rates on the days of programme …
Persistent link: https://www.econbiz.de/10013083489
This paper examines the anchoring of inflation expectations in the euro area based on data from the Survey of … Professional Forecasters (SPF). The analysis shows that the overall distribution of medium- and long-term inflation forecasts has … found to be sensitive to short-term economic developments. These patterns suggest that euro area inflation expectations are …
Persistent link: https://www.econbiz.de/10012270464
a logit model to see first, how the relative importance of inflation and GDP forecasts in the process of setting … the stability of the whole economy they are ready to accept an extended period or greater deviations of inflation from the …
Persistent link: https://www.econbiz.de/10012987305
This paper examines how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability objectives. We first review the Canadian experience of housing market cycles and highlight the need to coordinate the two sets of...
Persistent link: https://www.econbiz.de/10015163673