Showing 31 - 40 of 22,765
Persistent link: https://www.econbiz.de/10001362251
Persistent link: https://www.econbiz.de/10001338936
Persistent link: https://www.econbiz.de/10001548582
Conventional wisdom says that commitment eliminates the inflationary bias of monetary policy. However, this paper shows that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central bank precommits by setting the policy instrument, and...
Persistent link: https://www.econbiz.de/10001612960
Persistent link: https://www.econbiz.de/10001759741
Persistent link: https://www.econbiz.de/10001772014
Persistent link: https://www.econbiz.de/10001700650
Persistent link: https://www.econbiz.de/10001754238
Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands around a point target, or by specifying target ranges. Using data for 20 economies, this paper tests whether the various target types affect the anchoring of inflation...
Persistent link: https://www.econbiz.de/10013225749
This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that of the Federal Reserve, which does not have such a...
Persistent link: https://www.econbiz.de/10013120330