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Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...
Persistent link: https://www.econbiz.de/10013553631
banks, does not publish the votes for or against a policy proposal. In this paper, we construct an index of dissent based on …
Persistent link: https://www.econbiz.de/10012543060
of central banks. Because of their market-moving potential, it is particularly important how they are drafted. Often …, central banks start from the previous statement and update the earlier text with only small changes. This way, it is …
Persistent link: https://www.econbiz.de/10011517131
, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate … stabilization to serving as a lender of the last resort. With the ascent of macroeconomics, these traditional tasks of central banks … are they in conflict? How should tradeoffs be handled and what can be done to reduce the risk of the central bankś …
Persistent link: https://www.econbiz.de/10011301235
be associated with large Canadian banks' end-of-month repo adjustments. By combining market, central-bank and payments …
Persistent link: https://www.econbiz.de/10011661122
In the past decade or so, a number of central banks have purchased assets financed by the creation of central bank …
Persistent link: https://www.econbiz.de/10012980648
Forward-looking monetary policy communication has become a key element of flexible inflation-targeting regimes across advanced and emerging market economies. The Reserve Bank of India’s implementation of a flexible inflation targeting framework since 2016 has been supported by a broad set of...
Persistent link: https://www.econbiz.de/10014238515
The 1990s and early 2000s witnessed an unprecedented increase in central bank transparency around the world, yet there has been little empirical work that convincingly demonstrates any economic benefits of increased central bank transparency. This paper shows that, since the late 1980s, U.S,...
Persistent link: https://www.econbiz.de/10014072778
We propose a novel framework to analyze how policy-makers can manage risks to the median projection and risks specific to the tail of gross domestic product (GDP) growth. By combining a quantile regression of GDP growth with a vector autoregression, we show that monetary and macroprudential...
Persistent link: https://www.econbiz.de/10012154134
of the MSCI World Banks Index, USEPU, and the FTSE All-World Index, and positive with cryptocurrency markets volatility …
Persistent link: https://www.econbiz.de/10013313996