Narrow search
Showing 1 - 10 of 7,580
Cover Image
Activist stabilization policy and inflation : the Taylor rule in the 1970s
Orphanides, Athanasios - 2002
A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The foremost example of such a strategy is the policy rule...
Persistent link: https://www.econbiz.de/10009767123
Cover Image
Reading between the lines : using text analysis to estimate the loss function of the ECB
Paloviita, Maritta; Haavio, Markus; Jalasjoki, Pirkka; … - 2020
We measure the tone (sentiment) of the ECB's Governing Council regarding economic outlook at the time of each monetary … policy meeting and use this information together with the Eurosystem/ECB staff macroeconomic projections to directly estimate … estimations, that the ECB has been either more averse to inflation above 2% ceiling or that the de facto inflation aim has been …
Persistent link: https://www.econbiz.de/10012239727
Cover Image
Monetary policy between stability and growth
Fabris, Nikola - In: Journal of central banking theory and practice 13 (2024) 1, pp. 27-42
turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and …
Persistent link: https://www.econbiz.de/10014496247
Cover Image
Monetary policy between stability and growth
Fabris, Nikola - In: Journal of Central Banking Theory and Practice 13 (2024) 1, pp. 27-42
turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and …
Persistent link: https://www.econbiz.de/10014558486
Cover Image
The long-term distribution of expected inflation in the euro area : what has changed since the great recession?
Dovern, Jonas; Kenny, Geoff - Task Force on Low Inflation (LIFT) - 2017
forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether … aligned with the ECB definition of price stability. More notably, however, we identify a trend toward a more uncertain and …
Persistent link: https://www.econbiz.de/10011636332
Cover Image
Money in the Inflation Equation: the Euro Area Evidence
Fourçans, André; Vranceanu, Radu - ESSEC Business School - 2008
The ECB is the only major central bank that still emphasizes the role of money in monetary policy management. In this …
Persistent link: https://www.econbiz.de/10005021667
Cover Image
How anchored are inflation expectations in EMU countries?
van der Cruijsen, Carin; Demertzis, Maria - In: Economic Modelling 28 (2011) 1, pp. 281-298
Anchored inflation expectations help stabilize inflation. Previous results indicate that monetary policy has been effective in breaking the link between actual and expected inflation at the euro area level. In this paper we examine whether this is also true at the national level. We define the...
Persistent link: https://www.econbiz.de/10010577069
Cover Image
Money in a DSGE framework with an application to the Euro Zone
Benchimol, Jonathan; Fourçans, André - ESSEC Business School - 2009
Central Bank –ECB) should react more strongly to economic shocks as far as the role of money is found significant. …
Persistent link: https://www.econbiz.de/10008459642
Cover Image
Explaining inflation-gap persistence by a Time-Varying Taylor rule
Conrad, Christian; Eife, Thomas A. - 2012 - This draft: January 2012
In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10009526206
Cover Image
Explaining inflation persistence by a time-varying Taylor rule
Conrad, Christian; Eife, Thomas A. - 2010
In a simple New Keynesian model, we derive a closed form solution for the inflation persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10008758155