Similar Search Results

Learning About Policy from Federal Reserve History

Meltzer, Allan H. - 2010

The paper summarizes some of the main findings about domestic monetary policy from my three volume history. It finds that the Federal Open Market Committee concentrates excessively on the very near-term and rarely discusses medium or long-term implications. Also it has never agreed on a model...

Persistent link: https://www.econbiz.de/10013148153

Monetary Policy Responses to the Crisis and Exit Strategies

Minegishi, Makoto - 2010

preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …

Persistent link: https://www.econbiz.de/10012444285

The Role of Transparency in the Conduct of Monetary Policy

Minegishi, Makoto - 2009

frameworks that are associated with better anchored inflation expectations and more stable inflation outcomes. Despite this …

Persistent link: https://www.econbiz.de/10012447068

Effects of Additional Monetary Tightening on Exchange Rate Volatility in Nigeria : 2007-2016

Adamu, Faith - 2017

This paper sets out to examine the effects of Additional Monetary Tightening (AMT) on exchange rate volatility in Nigeria during the period 2007 - 2016. Using a pseudo-events study approach, the paper identified all the episodes of AMT during the period, and constructed a dummy variable as the...

Persistent link: https://www.econbiz.de/10012966833

Monetary Policy Responses to the Crisis and Exit Strategies

Minegishi, Makoto; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2010

preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …, des anticipations d'inflation et d'éviter une situation hypothétique dans laquelle le public craindrait que la plus grande …

Persistent link: https://www.econbiz.de/10008542499

The Role of Transparency in the Conduct of Monetary Policy

Minegishi, Makoto; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2009

frameworks that are associated with better anchored inflation expectations and more stable inflation outcomes. Despite this … anticipations d’inflation et une inflation plus stable s’appuient sur un niveau plus élevé de transparence. Malgré une tendance …

Persistent link: https://www.econbiz.de/10008498035

Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2000

Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...

Persistent link: https://www.econbiz.de/10005124252

A ‘Second-Best’ Rationale to Deflationary Monetary Policy in Japan

Cargill, Thomas F.; Guerrero, Federico - Economics Department, University of Nevada-Reno; … - 2006

The Bank of Japan permitted a ten-year period of deflation (1995-2005) which appears to have ended in 2006. The deflation, as well as the preceding disinflation, adversely affected the financial and real sectors of the economy that in turn, made it difficult to recover from the collapse of asset...

Persistent link: https://www.econbiz.de/10005426906

Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates

BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014

This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...

Persistent link: https://www.econbiz.de/10011110135

A proposal for constructing and evaluating core inflation measures

Carlomagno, Guillermo; Fornero, Jorge; Sansone, Andrés - In: Latin American journal of central banking : LAJCB 4 (2023) 3, pp. 1-24

There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to … close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and … the usual indicator that excludes food and energy, which is the most widespread measure of core inflation among central …

Persistent link: https://www.econbiz.de/10014382964