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Can the Central Bank Alleviate Fiscal Burdens?

Reis, Ricardo - 2017

Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...

Persistent link: https://www.econbiz.de/10012948206

Mr. Taylor and the Central Bank : Two Inference Exercises

Luna, Francesco - 2019

theory to model these inference exercises and to assess their general possibility of success. So, is it possible to infer …

Persistent link: https://www.econbiz.de/10012889157

The Role of Central Bank Independence on Optimal Taxation and Seigniorage

Vuletin, Guillermo - 2011

Should inflation be thought of as "just another tax?" The theoretical basis for doing so dates back to Phelps (1973) and has been greatly refined ever since. Since optimal taxation minimizes the deadweight loss by equalizing the marginal distortions of all available taxes, including the...

Persistent link: https://www.econbiz.de/10013122486

Governing Macro Prudential Policy : Do Central Bankers Do it Better?

Masciandaro, Donato - 2014

This paper offers a positive analysis of the relationships between macro prudential policy, micro supervision and central banking, presenting two contributions. Starting from the review of the recent theoretical models, which take the issue of the central bank involvement in macro supervision,...

Persistent link: https://www.econbiz.de/10013056197

Models of Central Banking and the Organisation of the Bank of England

Allen, William A. - 2022

In the quarter-century since the Bank of England Monetary Policy Committee was established, the various financial operations of the Bank of England and of the Government have become more inter-dependent, as a result of the financial crisis, quantitative easing, the response to Covid, and...

Persistent link: https://www.econbiz.de/10014237861

Central Banks Quasi-Fiscal Policies and Inflation

Park, Seok Gil - 2012

stability, little theory is available to assess the consequences of such measures. This paper offers a theoretical model with …

Persistent link: https://www.econbiz.de/10013111404

The failure of ECB monetary policy from a Mises-Hayek perspective

Schnabl, Gunther - 2017

combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary …

Persistent link: https://www.econbiz.de/10011619626

News Management in Monetary Policy : Why Central Banks Lie to the Government

Berger, Helge; Thum, Marcel P. - 1998

The literature on central banking so far has provided explanations of why we observe independent central banks and why central banks are usually more conservative than governments. However, little is known about the interaction between the two institutions. Bridging the gap, we focus on the...

Persistent link: https://www.econbiz.de/10014067475

Central Bankers as Supervisors : Do Crises Matter?

Masciandaro, Donato - 2018

theory does not indicate an optimal institutional setting. We construct several measures of spatial spillover effects and … the traditional theory of central banking has to be integrated with political economy considerations.Our results support … the view that the traditional theory of central banking has to be integrated with political economy considerations …

Persistent link: https://www.econbiz.de/10012937307

Public Opinion on Central Banks when Economic Policy is Uncertain

Istrefi, Klodiana - 2020

This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the general public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust,...

Persistent link: https://www.econbiz.de/10012843471