Showing 21 - 30 of 182,530
Since New Zealand adopted Inflation Targeting as a monetary policy in 1990, many countries have adopted inflation targeting. Due to the high accountability and high transparency of central banks under IT policy, it is expected to achieve price stability easily. In this paper, we investigate...
Persistent link: https://www.econbiz.de/10014256604
Persistent link: https://www.econbiz.de/10009764646
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity....
Persistent link: https://www.econbiz.de/10014482137
-- Chapter 6. Inflation Dynamics and Monetary Policy in Taiwan -- Chapter 7. Why has there been no Inflation in Japan? -- Chapter … 9. The Bank of Japan Act of 1997 and “Quantitative and Qualitative Monetary Easing (QQE)”. … studies on Japan, Korea, Singapore, and Taiwan. The contributors address topics such as quantitative monetary easing, the role …
Persistent link: https://www.econbiz.de/10014277694
Persistent link: https://www.econbiz.de/10003550931
Persistent link: https://www.econbiz.de/10011770861
Persistent link: https://www.econbiz.de/10011544229
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous...
Persistent link: https://www.econbiz.de/10009762360
Even when the policy rate is currently not constrained by its effective lower bound (ELB), the possibility that the policy rate will become constrained in the future lowers today's inflation by creating tail risk in future inflation and thus reducing expected inflation. In an empirically rich...
Persistent link: https://www.econbiz.de/10012182403
Persistent link: https://www.econbiz.de/10012224839