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Nonlinear monetary policy rules: An essay in the comparative study on Egyptian and Tunisian central banks
Baaziz, Yosra; Labidi, Moez - In: Economies 4 (2016) 2, pp. 1-18
The purpose of this paper is to evaluate the behavior of monetary authorities in Tunisia and Egypt, in response to changes in macroeconomic variables over time based on LSTR model. In this sense, we estimate Taylor-type equations for short-term interest rate in Tunisia and Egypt using quarterly...
Persistent link: https://www.econbiz.de/10011708720
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Monetary policy dynamics in the United States
Shodipe, Oladimeji Tomiwa; Shobande, Olatunji Abdul - In: Open Economics 4 (2021) 1, pp. 14-30
The recognised approach to designing an optimal monetary policy model is based on the central bank's ability to mitigate losses using a quadratic criterion subject to the linear structure of the economy. This study examines the United States Federal Reserve's (Fed) monetary policy in different...
Persistent link: https://www.econbiz.de/10012598250
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Exiting from quantitative easing
Hayashi, Fumio; Koeda, Junko - In: Quantitative Economics 10 (2019) 3, pp. 1069-1107
inflation and output, and that terminating QE may be contractionary or expansionary, depending on the state of the economy at …
Persistent link: https://www.econbiz.de/10012215393
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Modeling which factors impact interest rates
Wang, Guizhou; Hausken, Kjell - In: Journal of Central Banking Theory and Practice 12 (2023) 2, pp. 211-237
the inflation rate, the deviation in real GDP (Gross Domestic Product), the deviation in money supply, the deviation in … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the …
Persistent link: https://www.econbiz.de/10014558406
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The Political and Technical Aspects of Controlling Inflation
Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135
After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
Persistent link: https://www.econbiz.de/10014334696
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Inflation dynamics and exchange rate pass-through in Nigeria: Evidence from augmented nonlinear new Keynesian Philips Curve
Bello, Usman A.; Sanusi, Aliyu Rafindadi - In: CBN Journal of Applied Statistics 10 (2019) 2, pp. 109-138
Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms' marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers' basket when inflation switches to high regime …
Persistent link: https://www.econbiz.de/10012229209
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Econometric VAR analysis of the effect of the foreign exchange reserves on macroeconomic variables in emerging countries: The case of BRIC countries
Krušković, Borivoje D. - In: Journal of Central Banking Theory and Practice 12 (2023) 3, pp. 87-109
This paper analyses the effects of the foreign exchange re-serves accumulation on the key nominal and real macroeconomicvariables (GDP, employment, prices and exchange rates) in BRICcountries (Brazil, Russia, India, China). VAR model was used toempirically examine the effect of accumulation of...
Persistent link: https://www.econbiz.de/10014558414
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ECB policies effective in the euro area and Germany
Rieth, Malte; Piffer, Michele; Hachula, Michael - In: DIW Economic Bulletin 6 (2016) 7, pp. 83-91
bond yields lead to a significant rise in real GDP, consumer prices, inflation expectations, and credit volume in the euro …
Persistent link: https://www.econbiz.de/10011432678
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EZB-Politik erfolgreich im Euroraum und in Deutschland
Rieth, Malte; Piffer, Michele; Hachula, Michael - In: DIW Wochenbericht 83 (2016) 8, pp. 139-147
bond yields lead to a significant rise in real GDP, consumer prices, inflation expectations, and credit volume in the euro …
Persistent link: https://www.econbiz.de/10011432768
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Effectiveness and Limitations of Monetary Policy Instruments in Romania and the European Union
Cioran, Zina - In: CES Working Papers 6 (2014) 4, pp. 43-56
The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10012017176