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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent … performance are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US … politically attainable. Intermediate arrangements are unattractive and clearly inferior to Canada's current monetary order. …
Persistent link: https://www.econbiz.de/10011541166
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Inflation Targets Versus International Monetary Integration - a Canadian Perspective
Laidler, David E. W. - 2021
than exchange rate regimes, and questions of policy credibility and political accountability are crucial. Canada's recent … performance, are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US … politically attainable. Intermediate arrangements are unattractive and clearly inferior to Canada's current monetary order …
Persistent link: https://www.econbiz.de/10013320361
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What Should Central Banks Target? Evidence on the Impact of Monetary Policy Regimes on Economic Growth
Wong, Kin Ming - 2015
Economists and policy-makers have long sought the ideal framework for monetary policy as it is arguably one of the most important tools for government to influence the economy. Exchange rate and inflation are believed to be the most appealing anchors for providing guidance to the conduct of...
Persistent link: https://www.econbiz.de/10013024911
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Monetary policy and economic performance : the experience of New Zealand
Bollard, Alan E.; Hunt, Chris - In: Reserve Bank of New Zealand bulletin 68 (2005) 4, pp. 31-42
Persistent link: https://www.econbiz.de/10003243113
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Chapter 21. Monetary Policy Regimes and Economic Performance : The Historical Record, 1979–2008
Benati, Luca; Goodhart, Charles - In: Handbook of monetary economics : volume 3, (pp. 1159-1236). 2010
Persistent link: https://www.econbiz.de/10014025621
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The role and effectiveness of unconventional monetary policy
Morgan, Peter J. - 2009
This paper reviews the effectiveness of unconventional monetary policies and their relevance for emerging markets. Such policies may be useful either when interbank rates fall to zero, or when a credit crunch or rise in risk premium impairs the normal transmission mechanism of monetary policy....
Persistent link: https://www.econbiz.de/10003901570
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Exchange rate targeting versus inflation targeting : empirical analysis of the impact on employment and economic growth
Krušković, Borivoje - In: Journal of central banking theory and practice 9 (2020) 2, pp. 67-85
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting) on economic growth and employment. On the panel of 18 countries for the period from 1996 to 2013, I tested the hypothesis that countries in exchange rate targeting have a...
Persistent link: https://www.econbiz.de/10012305750
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Inflation Targeting Monetary Policy and Macroeconomic Performance : The Case of Middle-Income Countries
Fosu, Richard - 2020
The number of studies investigating the effects of inflation targeting (IT) on inflation and macroeconomic variables has increased with the rising number of countries adopting IT. The empirical evidence has, however, failed to converge. In line with the need for more such studies, this paper...
Persistent link: https://www.econbiz.de/10014096880
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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...
Persistent link: https://www.econbiz.de/10012230450
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Exploring the Nexus between Inflation and Globalization Under Inflation Targeting Through the Lens of New Zealand's Experience
Kabukcuoglu Dur, Ayşe - 2017
We investigate empirically the inflation dynamics in New Zealand, a small open economy and a pioneer in inflation targeting, under various open-economy Phillips curve specifications. Our forecasting exercise suggests that open-economy Phillips curves under standard measures of global slack do...
Persistent link: https://www.econbiz.de/10012957136