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The Political and Technical Aspects of Controlling Inflation
Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135
After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
Persistent link: https://www.econbiz.de/10014334696
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Reversing the Great Monetary Expansion
Angeloni, Ignazio - In: Intereconomics 58 (2023) 3, pp. 142-147
Persistent link: https://www.econbiz.de/10014334698
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Global Inflation and Global Monetary Policy Tightening: Implications for the Euro Area
Moessner, Richhild; Xia, Fan Dora; Zampolli, Fabrizio - In: Intereconomics 58 (2023) 3, pp. 151-154
Persistent link: https://www.econbiz.de/10014334700
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The Activation Conditions of the Transmission Protection Instrument: Flawed by Design?
Arnold, Ivo J. M. - In: Intereconomics 58 (2023) 5, pp. 254-259
In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
Persistent link: https://www.econbiz.de/10014459470
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The accuracy of a forecast targeting central bank
Skrove Falch, Nina; Nymoen, Ragnar - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-15, pp. 1-36
This paper evaluates inflation forecasts made by Norges Bank which is a successful forecast targeting central bank. It is expected that Norges Bank produces inflation forecasts that are on average better than other forecasts, both naive forecasts, and forecasts from econometric models outside...
Persistent link: https://www.econbiz.de/10010306877
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Structural features of distributive trades and their impact on prices in the euro area
2011
The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface...
Persistent link: https://www.econbiz.de/10011606280
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Geldpolitik und Vermögensmärkte
Dreger, Christian; Wolters, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 56-65
. Andererseits wäre im Fall steigender Vermögenspreise eine restriktivere Geldpolitik erforderlich, die die Dynamik von Produktion … die USA, den Euroraum, Japan und Großbritannien spezifiziert. Während die Geldpolitik keinen Einfluss auf die Entwicklung … eine restriktivere Geldpolitik bei nicht fundamental begründeten Preissteigerungen tatsächlich dämpfend auf die Entwicklung …
Persistent link: https://www.econbiz.de/10010377866
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Estimated DSGE Model for Monetary and Fiscal Polic Coordination Analysis – The Case of Serbia
Bašić Vasiljev, Tamara - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 145-173
We present a new-Keynesian model for small open economy, with price rigidities stemming from a Calvo pricing scheme (1983), monopolistic banking system, financial dollarization of the economy and monetary and fiscal policy governed by rules. We estimate the model on Serbian data and propose...
Persistent link: https://www.econbiz.de/10012217874
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Can a less boring ECB remain accountable?
Pisani-Ferry, Jean; von Weizsäcker, Jakob - 2009
Through Bruegel's role on the Monetary Experts Panel for the European Parliament's Committee on Economic and Monetary Affairs, Bruegel scholars contributed to the Committee's Monetary Dialogue with the European Central Bank meeting on 28 September. In this briefing paper for the Panel, Director...
Persistent link: https://www.econbiz.de/10010273699
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The monetary mechanics of the crisis
von Hagen, Jürgen - 2009
In response to the financial and economic crisis, central banks, unlike in the 1930s, have created enormous amounts of money. There are fears that this will lead to inflation, but it is base money (the central bank's liabilities) that has expanded; total monetary aggregates have not. By contrast,...
Persistent link: https://www.econbiz.de/10010273707