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How are inflation targets set?
Horváth, Roman; Matějů, Jakub - 2011
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10010322261
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Central Bank Financial Strength and Macroeconomic Outcomes
Perera, Anil - 2012
Central bank financial strength has not been a significant issue for a substantial period of time. However, recent theoretical and empirical literature argues that even central banks require sufficient level of financial strength to perform functions effectively and achieve their objectives. In...
Persistent link: https://www.econbiz.de/10013102992
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Modern Challenges of Monetary Policy Strategies : Inflation and Devaluation Influence on Economic Development of the Country
Abuselidze, George - 2020
for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …
Persistent link: https://www.econbiz.de/10012835155
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How are inflation targets set?
Horváth, Roman; Matějů, Jakub - 2011
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10008798081
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Financial stability and monetary policy
Hellwig, Martin - 2015 - This version: April 1, 2015
The paper gives an overview over issues concerning the role of financial stability in monetary policy. Historically, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate stabilization to serving as a lender of the last resort....
Persistent link: https://www.econbiz.de/10011301235
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How are Inflation Targets Set?
Horváth, Roman - 2010
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10013136517
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Monetary Policy Implementation : Operational Issues for Countries with Evolving Monetary Policy Frameworks
Maehle, Nils O. - 2020
This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be...
Persistent link: https://www.econbiz.de/10012840604
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Designing New Money - The Policy Trilemma of Central Bank Digital Currency
Bjerg, Ole - 2017
The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy...
Persistent link: https://www.econbiz.de/10012954346
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Cash Use Across Countries and the Demand for Central Bank Digital Currency
Khiaonarong, Tanai - 2019
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
Persistent link: https://www.econbiz.de/10012889147
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Central Bank Communication in the XXI Century : A Survey of Theory and Evidence
Sakhno, Hanna O. - 2018
After the recent global financial crisis, central banks in advanced and developing economies found themselves unable to stick to their mandate goal of price stability by resorting to traditional instruments of monetary policy. When key interest rates approached the zero bound, the need to...
Persistent link: https://www.econbiz.de/10012923581