Similar Search Results

When should central banks fear inflation expectations?

Gobbi, Lucio; Mazzocchi, Ronny; Tamborini, Roberto - 2024

Persistent link: https://www.econbiz.de/10014514071

When should central banks fear inflation expectations?

Gobbi, Lucio; Mazzocchi, Ronny; Tamborini, Roberto - 2024

When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the … ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the … updated according to the actual inflation process, with indexed wages, and persistent inflation shocks. In these cases, a more …

Persistent link: https://www.econbiz.de/10014478734

Can we identify the Fed's preferences?

Chatelain, Jean-Bernard; Ralf, Kirsten - 2017

Using US data, we estimate optimal policy with a probability below one that the Fed reneges on its commitment ("limited credibility") versus discretionary policy where the Fed reneges on its commitment at all periods with a probability equal to one ("zero credibility"). The transmission...

Persistent link: https://www.econbiz.de/10011695111

Welfare implications of alternative monetary policy rules : a new Keynesian DSGE model for Turkey

Yağcıbaşı, Özge Filiz; Yıldırım, Mustafa Ozan - In: Národohospodářský obzor : časopis věnovaný … 17 (2017) 4, pp. 363-379

Persistent link: https://www.econbiz.de/10011795839

Testing the monetary policy rule in the US : a reconsideration of the Fed's behaviour

Minford, Patrick; Ou, Zhirong - 2009

We calibrate a standard New Keynesian model with three alternative representations of monetary policy- an optimal timeless rule, a Taylor rule and another with interest rate smoothing- with the aim of testing which if any can match the data according to the method of indirect inference. We find...