Showing 1 - 10 of 1,499
interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However …
Persistent link: https://www.econbiz.de/10010464897
inflation, interest rate and stock returns. It employs the Vector Auto Regressive (VAR) approach method of Lee (1992) to analyze …
Persistent link: https://www.econbiz.de/10012770661
interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …
Persistent link: https://www.econbiz.de/10013175583
in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate … positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances …
Persistent link: https://www.econbiz.de/10012505029
tax and transfer systems. With constant primary deficits, there exist two steady-states, and the price level and inflation … in the long-run real interest rate, leading to higher inflation for any given monetary policy. Our work highlights the … role of household heterogeneity and market incompleteness in determining inflation …
Persistent link: https://www.econbiz.de/10014322820
longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment … rates. By using vector autoregressive models of monthly interest rates, month-over-month inflation, and unemployment rates … lowering Canadian interest rates relative to what their historical relationship with inflation and unemployment rates would …
Persistent link: https://www.econbiz.de/10003996812
This paper arms central bank policy makers with ways to think about interactions between financial stability and monetary policy. We frame the issue of whether to integrate financial stability into monetary policy operating rules by appealing to the observation that in actual economies financial...
Persistent link: https://www.econbiz.de/10011294262
In this paper we argue that both statistics and economic theory-based evidence largely indicate the absence of long run relationships between the real output and the most relevant monetary indicator for the U.K. and the U.S short term interest rates. These findings are not only a full sample...
Persistent link: https://www.econbiz.de/10002190275
We investigate the source of the high persistence in the Federal Funds Rate relative to the predictions of simple Taylor rules. While much of the literature assumes that this reflects interest-smoothing on the part of monetary policy-makers, an alternative explanation is that it represents...
Persistent link: https://www.econbiz.de/10013131581
The monetary conditions index is a composite index of interest and exchange rates frequently used by central banks, the International Monetary Fund, and the Organisation for Economic Cooperation and Development. This paper considers the benefits and weaknesses of the monetary conditions index in...
Persistent link: https://www.econbiz.de/10013124390