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Sherani, Sakib - In: Lahore Journal of Economics 13 (2008) Special Edition, pp. 5-21

range fromhigh inflation to power deficits and water stress, the most immediate and pressing is the need to restore fiscal …

Persistent link: https://www.econbiz.de/10010561882

The Use of Reserve Requirements in an Optimal Monetary Policy Framework

Vargas, Hernando; Cardozo, Pamela - Banco de la Republica de Colombia - 2012

monetary policy framework in an inflation targeting regime. In all cases the Central Bank (CB) minimizes an objective function … that depends on deviations of inflation from its target, the output gap and deviations of reserve requirements from its …

Persistent link: https://www.econbiz.de/10010562200

Monetary policy in challenging times; a speech given at the Economic Research Institute of Erie (ERIE), Pennsylvania State University-Erie, July 17, 2012

Pianalto, Sandra - In: Speech (2012) Jul 17

Persistent link: https://www.econbiz.de/10010562438

The zero lower bound and the dual mandate

Gavin, William T.; Keen, Benjamin D. - Federal Reserve Bank of St. Louis - 2012

committed to its inflation target. Our results on nominal interest rate and inflation dynamics do not depend on the particular … committed to a long-run average-inflation objective if it wishes to achieve a dual mandate while avoiding the zero lower bound. …

Persistent link: https://www.econbiz.de/10010562442

House prices and stock prices: Different roles in the U.S. monetary transmission mechanism

Bjørnland, Hilde Christiane; Jacobsen, Dag Henning - Centre for Applied Macro- and Petroleum economics … - 2012

, following a contractionary monetary policy shock, stock prices fall immediately, while the response in house prices is much more … gradual. However, the fall in both house prices and stock prices enhances the negative response in output and inflation that … prices contribute more to GDP and inflation fluctuations than stock price shocks. …

Persistent link: https://www.econbiz.de/10010564250

The Monetary Policy in Post Crisis Period

CERNA, Silviu - In: Timisoara Journal of Economics 5 (2012) 17, pp. 58-78

The paper aims to analyze the reasons why monetary policy is put into question by the transformations suffered during the recent decades by the financial systems of advanced industrial countries. It also seeks to highlight opportunities for improving monetary policy and its instruments, in...

Persistent link: https://www.econbiz.de/10010565821

Regional interest rate pass-through in Italy

Montagnoli, Alberto; Napolitano, Oreste; Siliverstovs, … - KOF Swiss Economic Institute, Department of Management, … - 2012

This paper estimates the pass-through and speed of adjustment of Italian regional interest rates to changes in the money market rate for the period 1998Q1-2009Q4. Our main findings suggest that the markup for the lending rates that banks charge are generally higher in the South than in the...

Persistent link: https://www.econbiz.de/10010565954

Monetary policy and commodity terms of trade shocks in emerging market economies

Hove, Seedwell; Mama, Albert Touna; Tchana, Fulbert Tchana - Economic Research Southern Africa (ERSA) - 2012

exogeneous shocks is to target CPI inflation. …

Persistent link: https://www.econbiz.de/10010567004

Inflation dynamics: the role of public debt and policy regimes

Bhattarai, Saroj; Lee, Jae Won; Park, Woong Yong - Federal Reserve Bank of Dallas - 2012

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of … inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the … inflation target and a stronger reaction of monetary policy to inflation decreases the equilibrium response of inflation to non …

Persistent link: https://www.econbiz.de/10010567338

Money, trust, and banking : an integrated approach to monetary theory and banking theory

Schaefer, Guido K. - 2005

Persistent link: https://www.econbiz.de/10004851999