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Monetary policy delegation and optimal wage indexation

Mourmouras, Iannis A. - In: Bulletin of economic research 49 (1997) 4, pp. 303-307

Persistent link: https://www.econbiz.de/10001228898

Can opacity of a credible central bank explain excessive inflation?

Baeriswyl, Romain; Cornand, Camille - 2007 - First version: January 2006 - This version: December 2006

Excessive inflation is usually attributed to the lack of central bank's credibility. In this context, most of the literature considers transparency a means to establish central bank's credibility. The contribution of this paper is twofold. First, it shows that, even in the absence of...

Persistent link: https://www.econbiz.de/10003470500

Optimal central bank conservatism and monopoly trade unions

Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2001

OPTIMThe conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...

Persistent link: https://www.econbiz.de/10011397779

Do central bank forecasts matter for professional forecasters?

Kotłowski, Jacek - In: Finance a úvěr 65 (2015) 6, pp. 432-454

Persistent link: https://www.econbiz.de/10011415746

Central bank accountability and transparency : theory and some evidence

Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000

System). In the second part, we present a theory of central bank accountability. Two aspects of accountability are considered … Japan, Bank of England und Federal Reserve System). Im zweiten Teil stellen wir eine Theorie über die Rechenschaftspflicht … Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …

Persistent link: https://www.econbiz.de/10011418852

Inflation targeting and financial stability : providing policymakers with relevant information

Vredin, Anders - 2015

Persistent link: https://www.econbiz.de/10011300771

Do central bank forecasts influence private agents? : forecasting performance versus signals

Hubert, Paul - In: Journal of money, credit and banking : JMCB 47 (2015) 4, pp. 771-789

Persistent link: https://www.econbiz.de/10011307957

Does talk matter after all? : Inflation targeting and central bank behavior

Kuttner, Kenneth N.; Posen, Adam Simon - 1999

Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without...

Persistent link: https://www.econbiz.de/10009768267

Transparency in monetary policy

Remsperger, Hermann; Worms, Andreas - 1999

For some time now the buzzword 'transparency' has been bandied about in the media almost daily. For example, calls were made for greater transparency in the financial system in connection with developments in the Asian financial markets. But the call for greater transparency goes far beyond the...

Persistent link: https://www.econbiz.de/10009768274

Superstar central bankers

Neuenkirch, Matthias; Tillmann, Peter - 2013

The personalities of central bankers moved center stage during the recent financial crisis. Some central bankers even gained superstar status. In this paper, we evaluate the pivotal role of superstar central bankers by assessing the difference an outstanding governor makes to economic...

Persistent link: https://www.econbiz.de/10010356447

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