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monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …
Persistent link: https://www.econbiz.de/10014558480
with a lower inflation rate which conflicts with the need to maintain liquidity in a repressed economy. By examining the … inflation-growth relationship, this study examines whether there is any room for inflating the economy. This would ease the … stalled by prematurely tightening monetary policy. The study finds a two-way relationship between inflation and growth; but …
Persistent link: https://www.econbiz.de/10009482058
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10013270942
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012818360
This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...
Persistent link: https://www.econbiz.de/10014450407
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policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …
Persistent link: https://www.econbiz.de/10012148910
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