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Anticipation of central banks' adoption of inflation targeting and its effect on inflation

Dubey, Amlendu Kumar; Mishra, Akanksha - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 2, pp. 1-13

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

Persistent link: https://www.econbiz.de/10014364299

The relation between innovative policy instruments and SMEs resilience : conceptual analysis

Msady, Adil; Ait Cheikh, Mohsine; Chati, Adam; … - Université Ibn Tofail - In: Eastern European journal for regional studies 8 (2022) 2, pp. 50-67

Persistent link: https://www.econbiz.de/10013531319

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2023

The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...

Persistent link: https://www.econbiz.de/10013541792

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2022

Persistent link: https://www.econbiz.de/10013455597

Review essay: central banking through the centuries

Maes, Ivo - 2018

Anniversaries are occasions for remembrance and reflections on one's history. Many central banks take the occasion of an anniversary to publish books on their history. In this essay we discuss five recent books on the history of central banking and monetary policy. In these volumes, the Great...

Persistent link: https://www.econbiz.de/10011920493

Discretion lets Croatia in the euro area in 2023, but leaves Bulgaria out

Darvas, Zsolt M. - In: SEER : journal for labour and social affairs in Eastern … 25 (2022) 2, pp. 183-194

Persistent link: https://www.econbiz.de/10014251005

The role of fiscal policy in Britain's Great inflation

Fan, Jingwen; Minford, Patrick; Ou, Zhirong - In: Economic modelling 58 (2016), pp. 203-218

Persistent link: https://www.econbiz.de/10011647336

Forward guidance at the zero lower bound in a model of price-level targeting

Illing, Gerhard; Siemsen, Thomas - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 1, pp. 47-67

We study monetary policy at the zero lower bound in a traceable three-period model, in which price-level targeting emerges endogenously in the welfare function. We characterize optimal price-level forward guidance under discretion and commitment. Potentially non-monotonic discretionary welfare...

Persistent link: https://www.econbiz.de/10011458706

Forward guidance at the zero lower bound in a model of price-level targeting

Illing, Gerhard; Siemsen, Thomas - 2015 - First Version: December 2013, This Version: February 9, 2015

We study monetary policy at the ZLB in a traceable three-period model, in which price-level targeting emerges endogenously in the welfare function. We characterize optimal price-level forward guidance under discretion and commitment. Potentially non-monotonic discretionary welfare losses are...

Persistent link: https://www.econbiz.de/10010481126

Quantifying the effects of the CNB's exchange rate commitment : a synthetic control method approach

Opatrny, Matej - 2016

appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …

Persistent link: https://www.econbiz.de/10011515767

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