Showing 1 - 10 of 16,868
index of monetary conditions; dynamic forecasts of inflation; and the relation between inflation and the output gap …
Persistent link: https://www.econbiz.de/10011584357
Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …
Persistent link: https://www.econbiz.de/10011554700
How much have the dynamics of US time series and in the particular the transmission of innovations to monetary policy instruments changed over the last century? The answers to these questions that this paper gives are "A lot." and "Probably less than you think.", respectively. We use vector...
Persistent link: https://www.econbiz.de/10010489284
Persistent link: https://www.econbiz.de/10010247002
This paper investigates the impact of the money supply in different states of inflation and economic growth in South … different states of inflation and economic growth. Moreover, the use of shock accounts for time-varying elasticity. It is found …, the money supply was insignificant. The money supply had a negative and a positive impact on inflation in states 1 and 2 …
Persistent link: https://www.econbiz.de/10014230763
Persistent link: https://www.econbiz.de/10014632013
This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...
Persistent link: https://www.econbiz.de/10013319719
regime, systematic monetary policy follows a Taylor rule extended by the term spread and is effective in curbing inflation … of the second regime, inflation would be over one percentage point higher on average after 2008. …
Persistent link: https://www.econbiz.de/10014422351
Persistent link: https://www.econbiz.de/10011390382
Persistent link: https://www.econbiz.de/10012372901