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The boundaries of central bank independence : lessons from unconventional times
Orphanides, Athanasios - 2018
too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank … of Japan (BoJ) seit den späten 1990er Jahren und zeigt auf, worauf bei der Formulierung geachtet werden sollte. …
Persistent link: https://www.econbiz.de/10011901698
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The boundaries of central bank independence: lessons from unconventional times
Orphanides, Athanasios - 2018
Persistent link: https://www.econbiz.de/10013447827
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Too much too soon : instability and indeterminacy with forward-looking rules
Batini, Nicoletta; Pearlman, Joseph - 2002
This paper extends the existing literature on the uniqueness and stability conditions for an equilibrium under inflation-forecast-based (IFB) rules. It shows that, for a variety of New Keynesian sticky-price and sticky-inflation models, these are a function not just of the degree of...
Persistent link: https://www.econbiz.de/10011517930
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Considerations on the monetary policy framework of the European Central Bank
Tosato, Andrea Giorgio - 2022
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade-offs arising from adopting a point target configuration over a range target one are assessed in terms of their flexibility vs. inflation anchoring properties. This layout is...
Persistent link: https://www.econbiz.de/10012802090
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Raising the inflation target : how much extra room does it really give?
L'Huillier, Jean-Paul; Schoenle, Raphael - 2020
Persistent link: https://www.econbiz.de/10012388128
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Raising the inflation target : how much extra room does it really give?
L'Huillier, Jean-Paul; Schoenle, Raphael - 2019
Persistent link: https://www.econbiz.de/10012207311
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The primary goal of monetary policy : reflections on the nature of the problem
Hetmańczuk, Adam - In: Central European review of economics and management : CEREM 5 (2021) 1, pp. 77-101
Aim: In this article, the state of the discourse concerning the final goal of the modern central bank is presented, in particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared on the basis of scientific publications in the...
Persistent link: https://www.econbiz.de/10013198396
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Trade-offs between inflation targeting and financial stability objectives : drivers of gains from coordinating monetary and macroprudential policies
Roldán-Peña, Jessica; Torres-Ferro, Mauricio; Torres … - 2017
This paper studies the trade-offs that can arise between inflation targeting and financial stability objectives. We use a simple framework to conduct macroeconomic policy analysis under three strategies: (1) a benchmark case where monetary policy pursues traditional price stability objectives;...
Persistent link: https://www.econbiz.de/10011771956
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Has inflation targeting been successful? : evidence from unit root tests
Turkay, Mesut; Sencer Atasoy, Burak - In: Investigación económica : revista de la Faculdad de … 78 (2019) 308, pp. 120-139
The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting around the world has been successful in terms of...
Persistent link: https://www.econbiz.de/10012016727
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Inflation targeting and its discontents : the case of Poland
Ciżkowicz, Piotr; Rzońca, Andrzej - In: Acta oeconomica : periodical of the Hungarian Academy … 65 (2015), pp. 107-122
Persistent link: https://www.econbiz.de/10011737040