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extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …
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credibility? With the economy weakening and the risk of recession rising, how far should monetary policy tightening go? Featuring …
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In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
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investigates the driving factors of disagreement, paying special attention to the influence of monetary authorities’ credibility …’ credibility; this relationship is positive in the case of the growth rate of industrial production. …
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Der Erfolg des Euro wird nicht zuletzt durch die Glaubwürdigkeit der Europäischen Zentralbank bestimmt. Worauf gründet …
Persistent link: https://www.econbiz.de/10010301999