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Central Bank accountability and transparency: theory and some evidence

Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000

accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

Persistent link: https://www.econbiz.de/10010295694

Foreign exchange market interventions as monetary policy

Post, Erik - 2006

about deviations in inflation from a target level. Under a quadratic cost of interest rate adjustments and interventions the … model also predicts that interventions will be decreasing in inflation expectations and in the real exchange rate but …

Persistent link: https://www.econbiz.de/10010321630

Monetary Policy Transparency

Geraats, Petra - 2014

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper provides an overview of the ways in which central banks have been providing more information about their monetary policymaking. Furthermore, it reviews the theoretical literature on...

Persistent link: https://www.econbiz.de/10010333377

Necessity as the mother of invention: Monetary policy after the crisis

Blinder, Alan; Ehrmann, Michael; de Haan, Jakob; … - 2017

We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys - one of central bank governors, the other of academic specialists. We find that central banks in crisis countries are more likely to have resorted to...

Persistent link: https://www.econbiz.de/10011667191

Quantitative easing: New normal or emergency measure?

Bartkiewicz, Piotr - In: Contemporary Economics 14 (2020) 3, pp. 306-319

developed economies to raise economic growth and inflation in the aftermath of the Global Financial Crisis. These programmes can …

Persistent link: https://www.econbiz.de/10014544613

Do financial markets allow the independence of central banks?

Miró, Damià Rey; Piffaut, Pedro; Zurdo, Ricardo Palomo - In: Journal of Central Banking Theory and Practice 13 (2024) 1, pp. 5-26

The research work presented below addresses the possible concern of central bank independence through the development and application of econometric models. The complexity of the modelling has allowed a step further in corroborating that financial independence is not only linked to the...

Persistent link: https://www.econbiz.de/10014558467

The macroeconomic effects of different CBDC regimes in an economy with a heterogeneous household sector

Magin, Jana Anjali; Neyer, Ulrike; Stempel, Daniel - 2023

Many central banks discuss the introduction of a Central Bank Digital Currency (CBDC). Empirical evidence suggests that households may differ in their willingness to hold CBDC. Against this background, this paper investigates the macroeconomic effects of different CBDC regimes in a New Keynesian...

Persistent link: https://www.econbiz.de/10014000389

Crisis Management at Cross-Roads - Challenges facing cross-border financial institutions at the EU level

Ayadi, Rym; Balling, Morten; Caruana, Jaime; Evenepoel, … - 2010

On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.

Persistent link: https://www.econbiz.de/10011689942

Monetary policy communication: Evidence from Survey Data

Popovska-Kamnar, Neda - 2017

This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central Eastern and South-Eastern Europe and the euro area. The main objective of this Survey was to draw evidence on the level of transparency and communication strategies of the...

Persistent link: https://www.econbiz.de/10011785370

Inflation targeting as a shock absorber

Fratzscher, Marcel; Grosse Steffen, Christoph; Rieth, Malte - 2018

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of … natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It … lowers inflation, raises output growth, and reduces inflation and growth variability compared to alternative monetary regimes …

Persistent link: https://www.econbiz.de/10011794926