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Remittance inflows and state-dependent monetary policy transmission in developing countries
Machasio, Immaculate; Tillmann, Peter - 2016
economies. The literature is in- conclusive about the cyclical nature of remittance inflows. To the extent remittances are … remittances increase strongly. The same is true for a policy easing under exceptionally weak remittance inflows. This paper … remittances. These results have important implications for the design of inflation targeting in developing countries. …
Persistent link: https://www.econbiz.de/10011552526
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Monetary policy in Turkey after Central Bank independence
Gürkaynak, Refet S.; Kantur, Zeynep; Taş, M. Anil; … - 2015
We present an accessible narrative of the Turkish economy since its great 2001 crisis. We broadly survey economic developments and pay particular attention to monetary policy. The data suggests that the Central Bank of Turkey was a strong inflation targeter early in this period but began to pay...
Persistent link: https://www.econbiz.de/10011375680
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Monetary policy in Turkey after Central Bank independence
Gürkaynak, Refet S.; Kantur, Zeynep; Tas, M. Anil; … - 2015
We present an accessible narrative of the Turkish economy since its great 2001 crisis. We broadly survey economic developments and pay particular attention to monetary policy. The data suggests that the Central Bank of Turkey was a strong inflation targeter early in this period but began to pay...
Persistent link: https://www.econbiz.de/10011348828
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Is the monetary policy rate effective? : recent evidence from Ghana
Akosah, Nana K. - 2015
We examine the effectiveness of monetary policy transmission mechanism in Ghana using several of statistical and econometric techniques for the period 2002M1 - 2014M12. We find monetary policy rate (MPR) to be quite effective in signaling the money market interest rates in both the short run and...
Persistent link: https://www.econbiz.de/10011326532
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Does talk matter after all? : Inflation targeting and central bank behavior
Kuttner, Kenneth N.; Posen, Adam Simon - 1999
Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without...
Persistent link: https://www.econbiz.de/10009768267
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Monetary policy and asset prices : empirical evidence from Nigeria
Igbinosa, Sunday O.; Obayagbona, Joel - In: Journal of finance and investment analysis 1 (2012) 4, pp. 73-87
Besides providing enhanced macroeconomic and financial stability, a commitment to optimum monetary policy conduct in a developing economy like Nigeria could better deliver greater long-run stability of both internal and external macroeconomic factors. The need for an ordered monetary policy...
Persistent link: https://www.econbiz.de/10009746072
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The macroeconomics of trend inflation
Ascari, Guido; Sbordone, Argia M. - 2013
Most macroeconomic models for monetary policy analysis are approximated around a zeroinflation steady state, but most central banks target inflation at a rate of about 2 percent. Many economists have recently proposed even higher inflation targets to reduce the incidence of the zero lower bound...
Persistent link: https://www.econbiz.de/10009787485
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What if Brazil hadn't floated the Real in 1999?
Carvalho, Carlos Viana de; Vilela, André D. - 2016
We estimate a dynamic, stochastic, general equilibrium model of the Brazilian economy taking into account the transition from a currency peg to inflation targeting that took place in 1999. The estimated model exhibits quite different dynamics under the two monetary regimes. We use it to produce...
Persistent link: https://www.econbiz.de/10011435702
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10011541166
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A macroeconometric assessment of Minsky's Financial Instability Hpothesis
Greenwood-Nimmo, Matthew; Tarassow, Artur - 2013
The Financial Instability Hypothesis associated with Hyman Minsky has profound implications for the conduct of monetary policy in modern capitalist economies. At its core is the proposition that the central bank may contribute to the financial fragility of leveraged firms in its pursuit of...
Persistent link: https://www.econbiz.de/10010425830