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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

ECB - Working paper series

European Central Bank

The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...

Persistent link: https://www.econbiz.de/10009635880

Communication as a strategic monetary policy tool : an evaluation of the effectiveness of the South African Reserve Bank's communication

Reid, Monique Brigitte - 2011

Thesis (PhD (Economics))--Stellenbosch University, 2011.

Persistent link: https://www.econbiz.de/10009429585

Inflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices

Barr, David; Campbell, John - 1997

Economics

Persistent link: https://www.econbiz.de/10009431974

Inflation expectations in euro area Phillips curves

Álvarez González, Luis Julián; Correa López, Mónica

Este documento analiza la información contenida en medidas alternativas de expectativas de inflación —incluidas las obtenidas a partir de consumidores, empresas, expertos y mercados financieros—, en el contexto de curvas de Phillips de economía abierta. Adoptando una aproximación...

Persistent link: https://www.econbiz.de/10012523777

Determinants and implications of low global inflation rates

Berganza, Juan Carlos; Río López, Pedro del; … - 2016

En este documento se ofrece una panorámica de la evolución de la inflación a escala global en la última década y se trata de descubrir qué factores podrían explicar los niveles muy bajos de inflación durante la recuperación de la Gran Recesión. Se hace una revisión de la literatura...

Persistent link: https://www.econbiz.de/10012529567

Uncertainty and the price of risk in a nominal convergence process

Gimeno Nogués, Ricardo; Marqués Sevillano, José Manuel - 2008

In this paper we decompose nominal interest rates into real risk-free rates, inflation expectations and risk premia using an affine model that takes as factors the observed inflation rate and the parameters generated in the zero yield curve estimation. We apply this model to the Spanish economy...

Persistent link: https://www.econbiz.de/10012529952

Extraction of financial market expectations about inflation and interest rates from a liquid market

Gimeno Nogués, Ricardo; Marqués Sevillano, José Manuel - 2009

In this paper we propose an affine model that uses as observed factors the Nelson and Siegel (NS) components summarising the term structure of interest rates. By doing so, we are able to reformulate the Diebold and Li (2006) approach to forecast the yield curve in a way that allows us to...

Persistent link: https://www.econbiz.de/10012530249

The evolution of inflation expectations in euro area markets

Gimeno Nogués, Ricardo; Ortega Eslava, Eva - 2016

Este trabajo explora el comportamiento de las expectativas de inflación en países que comparten su política monetaria, en particular los de la UEM. Se investigan las posibles características comunes a varios horizontes, así como los diferenciales entre países. Se propone un modelo...

Persistent link: https://www.econbiz.de/10012530529

Extraction of inflation expectations from financial instruments in Latin America

Fuertes Mendoza, Alberto; Gimeno Nogués, Ricardo; … - 2018

en el largo plazo se encuentran bien ancladas en Chile y México, mientras que en Brasil y Colombia el grado de anclaje es … menor. Además, la inflación esperada se incrementa para plazos más largos en Brasil y Chile, ocurriendo lo contrario en …. We find that inflation expectations in the long-run are fairly anchored in Chile and Mexico, while those in Brazil and …

Persistent link: https://www.econbiz.de/10012532144