Showing 1 - 10 of 84,219
. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …
Persistent link: https://www.econbiz.de/10011671018
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
Persistent link: https://www.econbiz.de/10011523924
inflation targeting, exchange rate management benefits households in the tradable goods sector but in the long run these …
Persistent link: https://www.econbiz.de/10011309046
Whether or not inflation targeting adoption leads to increased volatility of exchange rates is controversial. The … volatility increases with inflation targeting as a result of the flexible exchange rate regime. Others argue that inflation … whether interest rate policy in inflation targeting frameworks – that is subjected to control inflation rate – may reduce the …
Persistent link: https://www.econbiz.de/10012305740
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … that countries in exchange rate targeting have a higher rate of GDP growth and lower inflation rate. In order to test the … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also …
Persistent link: https://www.econbiz.de/10012305750
overly sensitive to monetary policy shocks, and that this is consistent with a model where long-term inflation expectations … are not anchored because agents must infer the central bankś inflation target from noisy interest rate movements. Using … inflation target - imperfect information about the target plays only a small role in un-anchoring expectations in their model …
Persistent link: https://www.econbiz.de/10008663345
crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …
Persistent link: https://www.econbiz.de/10011285649
The idea of inflation targeting in emerging countries is not a new one. There have been papers that favor or reject the … done and what problems can arise. Therefore this paper focuses on exchange rate issues for inflation targeting. These … issues have their root in the basic relation that exists in emerging countries between inflation and the exchange rate, a …
Persistent link: https://www.econbiz.de/10013124931
of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …
Persistent link: https://www.econbiz.de/10010509199
This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...
Persistent link: https://www.econbiz.de/10014471910