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Quantifying the effects of the CNB's exchange rate commitment : a synthetic control method approach
Opatrny, Matej - 2016
appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …
Persistent link: https://www.econbiz.de/10011515767
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Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
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Impacts of Money Supply on Income and Prices in the Sudan : Impacts of Monetary Policies on the Performance of the Sudan Economy
Mohamed, Issam A.W. - 2020
Monetary policies are very important in any economy. However, they are dominantly hectic and characterized with frequent changes in developing countries. In Sudan, there were many changes during the past three decades, mostly were not compatible with coherent economic logic. The country's...
Persistent link: https://www.econbiz.de/10012857118
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The role and effectiveness of unconventional monetary policy
Morgan, Peter J. - 2009
This paper reviews the effectiveness of unconventional monetary policies and their relevance for emerging markets. Such policies may be useful either when interbank rates fall to zero, or when a credit crunch or rise in risk premium impairs the normal transmission mechanism of monetary policy....
Persistent link: https://www.econbiz.de/10003901570
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Is monetary policy overburdened?
Orphanides, Athanasios - 2013
Following the experience of the global financial crisis, central banks have been asked to undertake unprecedented responsibilities. Governments and the public appear to have high expectations that monetary policy can provide solutions to problems that do not necessarily fit in the realm of...
Persistent link: https://www.econbiz.de/10010400888
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Assessing monetary policy in Norway
Andreassen, Harald Magnus; De Grauwe, Paul; Solheim, Haakon - 2001
We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the …
Persistent link: https://www.econbiz.de/10011408405
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Unconventional Monetary Policies : An Appraisal
Borio, Claudio E. V. - 2009
The recent global financial crisis has led central banks to rely heavily on "unconventional" monetary policies. This alternative approach to policy has generated much discussion and a heated and at times confusing debate. The debate has been complicated by the use of different definitions and...
Persistent link: https://www.econbiz.de/10013153793
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Has Inflation Targeting Improved Monetary Policy? Evaluating Policy Effectiveness in Australia, Canada, and New Zealand
Siklos, Pierre L. - 2009
Doubts continue to be expressed about the net benefits of announcing an explicit inflation objective versus a more … that do not explicitly target inflation (e.g., the US Fed, the ECB) emphasize the primacy of price stability as the sine … vanguard of the inflation targeting policy strategy, namely Australia, Canada, and New Zealand, and use the resulting estimates …
Persistent link: https://www.econbiz.de/10013156549
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Bond Markets and Unconventional Monetary Policy
Buraschi, Andrea - 2015
This paper is a comprehensive study of the discussion and empirical evidence about the impact of unconventional monetary policy on bond markets. The 2007/2008 Financial Crisis marks the beginning of a new monetary policy regime in which central banks engaged in different types of large scale...
Persistent link: https://www.econbiz.de/10013020631
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Unconventional Monetary Policies : A Re-Appraisal
Borio, Claudio E. V. - 2016
though their ultimate impact on output and inflation is harder to pin down; the balance of the benefits and costs is likely …
Persistent link: https://www.econbiz.de/10012986632