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Monetary and labor policies under market frictions
Christian Merkl - 2007
are explored. Secondly, the thesis simulates the effects of real wage rigidities in a disinflation experiment non …
Persistent link: https://www.econbiz.de/10009428998
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Is Inflation Targeting the Best Policy Choice for Emerging Economies? A Survey of Emerging Market Experiences and Lessons for Pakistan
Khalid, Ahmed M. - 2006
In the aftermath of a major financial crisis in the 1990s, price stability has become an important argument of the future monetary policy stance in many emerging economies. As such, emerging economies in Asia and Latin America have switched to inflation targeting as their monetary policy. This...
Persistent link: https://www.econbiz.de/10009441615
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Will the U.S. Economy Catch the Japanese Disease?
Stockman, Alan C.
identified as deflation, sometimes as a liquidity trap, the new concern is that the U.S. economy will become like Japan?s. After … dramatically in the United States. Japan has had deflation since the mid 1990s: by October 2002 the Japanese wholesale price index … deflation, but it has relatively low inflation ? at least before the most recent statistics for October. Japan has slow growth …
Persistent link: https://www.econbiz.de/10009483024
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Exaggerated Risks of Deflation
Plosser, Charles I.
deflation in the U.S. Articles have appeared in a wide range of respected business publications... What is extraordinary about … inflation is always a monetary phenomenon. Similarly, sustained deflation is also a monetary phenomenon. The Great Depression is …, significant deflation is simply not in the cards. …
Persistent link: https://www.econbiz.de/10009483063
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Inflation targeting and monetary integration in European emerging market economies
Felix Hammermann - 2008
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
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Economic Growth, Inflation, and Monetary Policy in Pakistan: Preliminary Empirical Estimates
Khalid, Ahmed M. - 2006
There is a growing debate in the emerging market on the choice of an appropriate monetary or exchange rate policy that could lead to a sustainable economic growth. Inflation targeting has become one of these policy alternatives and has recently been implemented in some of the emerging markets in...
Persistent link: https://www.econbiz.de/10009441723
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A Concise History of Exchange Rate Regimes in Latin America
Frenkel, Roberto; Rapetti, Martin - 2010
The paper analyzes exchange rate regimes implemented by the major Latin American countries since the Second World War, with special attention on the period of the second globalization process beginning in the 1970s. The analysis follows a historical narrative aiming to provide an understanding...
Persistent link: https://www.econbiz.de/10009467794
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Inflation Targeting, Between Rhetoric and Reality. The Case of Transition Economies
Daianu, Daniel; Lungu, Laurian - 2005
The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes. However, the success of such a regime depends largely...
Persistent link: https://www.econbiz.de/10009476778
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Implications of ERM2 for Poland’s Monetary Policy
Orlowski, Lucjan T.; Rybinski, Kryzstof - 2005
This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified policy framework is based on targeting the differential...
Persistent link: https://www.econbiz.de/10009476869
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Issues in the choice of a monetary regime for India
McKibbin, Warwick J; Singh, Kanhaiya - 2000
Economic liberalization and financial sector reforms in India commenced in 1990. An important issue currently facing India and the focus of a lively debate, is the question of the appropriate regime for conducting monetary policy in an economy undergoing structural reforms. To add to this...
Persistent link: https://www.econbiz.de/10009451726