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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
Persistent link: https://www.econbiz.de/10012022449
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
Persistent link: https://www.econbiz.de/10011976123
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Macroeconomics, nonlinearities, and the business cycle
Reif, Magnus - 2019
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
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Monetary Policy and Economic Performance Since the Financial Crisis
Caldara, Dario - 2020
The analysis in this paper was presented to the Federal Open Market Committee as background for its discussion of the Federal Reserve's review of monetary policy strategy, tools, and communication practices. The Committee discussed issues related to the review at five consecutive meetings from...
Persistent link: https://www.econbiz.de/10012824115
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Monetary Policy and Economic Performance Since the Financial Crisis
Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2021
We review the macroeconomic performance during the Global Financial Crisis and subsequent economic expansion, as well as the challenges in the pursuit of the Federal Reserve's dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate...
Persistent link: https://www.econbiz.de/10013323823
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Monetary Policy and Economic Performance Since the Financial Crisis
Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2020
We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound....
Persistent link: https://www.econbiz.de/10014048774
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Reliable real-time output gap estimates based on a modified Hamilton filter
Quast, Josefine; Wolters, Maik H. - 2020
estimated trend. Based on output growth and inflation forecasts and a comparison to revised output gap estimates from policy …
Persistent link: https://www.econbiz.de/10012233667
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Investigating the inflation-output-nexus for the euro area : old questions and new results
Gerdesmeier, Dieter; Reimers, Hans-Eggert; Roffia, Barbara - 2023
The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics …, given the fact that low inflation in combination with high and sustained output growth should be the central objective of … banks all over the world have selected target levels for inflation and communicated them to the public. Against this …
Persistent link: https://www.econbiz.de/10014305101
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Does low inflation pose a risk to economic growth and central banks reputation?
Dąbrowski, Marek - 2020
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
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Monetary discipline and macroeconomic performance : the case of Indonesia
Ramayandi, Arief; Rosario, Aleli - 2010
situation helps to explain the surge in the country's inflation and its very high growth in financial condition from late 2007 …
Persistent link: https://www.econbiz.de/10008826302