investment financing have dissimilar effects on future realizations of inflation and exchange rates. My findings provide evidence …I find policies targeted at stabilizing exchange rates within the context of Nigeria's managed floating exchange rate … regime have not allowed for direct inflation targeting. In spite of this constraint, which is predicted by and consistent …

choice of exchange regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has … generally been a by-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility …

I study the effect of the trending relative price of investment on the optimal target rate of inflation. The price of … of investment goods. The resulting optimal target rate of inflation is significantly positive with a median of 1 … investment has a decreasing trend relative to that of consumption because of investment-specific technological progress. If the …

This paper evaluates inflation forecasts made by Norges Bank which is recognized as a successful forecast targeting … central bank. It is reasonable to expect that Norges Bank produces inflation forecasts that are on average better than other … margin. An explanation in terms of too high speed of adjustment to the inflation target is supported by the evidence. Norges …

This paper studies the optimal long-run inflation rate in a simple New Keynesian model with occasionally binding … inflation rate is around 1.5% if the economy is hit by a total factor productivity (TFP) shock and nearly 2.5% if the economy is … asymmetric endogenous cost-push shock is positive, inflation is also positive on average. In addition, a binding collateral …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

real interest rates are driven by variations in desired saving and investment. But based on data stretching back to 1870 … for 19 countries, our systematic analysis casts doubt on this view. The link between real interest rates and saving-investment … countries that dominate global monetary and financial conditions rather than common movements in global saving and investment …