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Inflation targeting as a shock absorber
Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of …
Persistent link: https://www.econbiz.de/10011790769
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Structural estimates of the South African sacrifice ratio
Gereziher, Hayelom Yrgaw; Nuru, Naser Yenus - In: Journal for studies in economics and econometrics : SEE 48 (2024) 1, pp. 42-61
Persistent link: https://www.econbiz.de/10014511599
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Structural estimates of the South African sacrifice ratio
Gereziher, Hayelom Yrgaw; Nuru, Naser Yenus - 2021
This paper estimates the output cost of fighting inflation-the sacrifice ratio-for the South African economy using quarterly data spanning the period 1998Q1-2019Q3. To compute the sacrifice ratio, the structural vector autoregressive model developed by Cecchetti and Rich (2001) based on...
Persistent link: https://www.econbiz.de/10012422994
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Sensitivity of interest rates to inflation and exchange rate in Poland : implications for direct inflation targeting
Orłowski, Lucjan T. - In: Comparative economic studies 59 (2017) 4, pp. 545-560
Persistent link: https://www.econbiz.de/10011785431
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Nominal exchange rate shocks and inflation in an open economy : towards a structuralist inflation targeting agenda
Bastian, Eduardo F.; Setterfield, Mark - In: Cambridge journal of economics 44 (2020) 6, pp. 1271-1299
Persistent link: https://www.econbiz.de/10012312704
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Central bank information shocks and exchange rates
Franz, Thorsten - 2020 - This version: February 2020
The dynamic effects of ECB announcements, disentangled into pure monetary policy and central bank information shocks, on the euro (EUR) exchange rate are examined using a Bayesian Proxy Vector Autoregressive (VAR) model fed with high-frequency data. Contractionary monetary policy shocks result...
Persistent link: https://www.econbiz.de/10012180641
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Exchange rates and the information channel of monetary policy
Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2020
We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock … component and a central bank information shock component. We identify both components using changes in interest rate futures and … that a contractionary interest rate shock appreciates the dollar, increases the excess bond premium, and leads to a decline …
Persistent link: https://www.econbiz.de/10012295246
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The impact of external shocks on South African inflation at different price stages
Swanepoel, J. A. - In: Tydskrif vir studies in ekonomie en ekonometrie : SEE 30 (2006) 1, pp. 1-22
Persistent link: https://www.econbiz.de/10003336130
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Global Economic Uncertainties and Exchange Rate Shocks : Transmission Channels to the South African Economy
Ndou, Eliphas; Gumata, Nombulelo; Ncube, Mthuli - 2017
: Selected channels of transmission -- Chapter 3. UK policy uncertainty shock and South African economy: Inferences from the … exchange rate, exports and inflation channels.- Chapter 4. Foreign GDP growth uncertainties shock and South African economy …, foreign demand and domestic policy uncertainty shock effects on economic sectors.- Chapter 8. The transmission channels of the …
Persistent link: https://www.econbiz.de/10012398308