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The aim of paper to search whether there is a change in relationship between inflation rate and domestic economic … inflation rate -especially on traded goods inflation rate. özet Çalışmanın amacı Türkiye’de enflasyon oranı ile yurtiçi ekonomik …
Persistent link: https://www.econbiz.de/10005078875
economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …
Persistent link: https://www.econbiz.de/10005406116
Previous analysis of the implementation of inflation targeting is extended to monetary policy responses to different … stabilization or smoothing all call for a more gradual adjustment of the conditional inflation forecast toward the inflation target …. The conditional inflation forecast is the natural intermediate target during inflation targeting. …
Persistent link: https://www.econbiz.de/10005638758
The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the …
Persistent link: https://www.econbiz.de/10005638794
Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative … performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient …, with both higher inflation and output variability. This is true even with a deterministic money demand formulation. In this …
Persistent link: https://www.econbiz.de/10005638824
Price level targeting (without base drift) and inflation targeting (with base drift) are compared under commitment and …
Persistent link: https://www.econbiz.de/10005638829
Eurosystem. The P* model implies that inflation is determined by the level of and changes in the "real money gap" (the deviation … inficator for future inflation. Nevertheless, the P* model does not seem to provide any rationale for either a Bundesbank …
Persistent link: https://www.econbiz.de/10005638842
than their subjectivity-prone values) are regressed with average inflation, average growth or their respective variance, as …
Persistent link: https://www.econbiz.de/10005650142
Central banks have become more independent in many countries. A common rationale has been the existence of a credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social trust and central-bank independence. Our empirical...
Persistent link: https://www.econbiz.de/10011056298
Many countries have undertaken central-bank independence reforms, but the years of implementation differ. What explains such differences in timing? This is of interest more broadly, as it sheds light on factors that matter for the speed at which economic reforms come about. We study a rich set...
Persistent link: https://www.econbiz.de/10011103291