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money played a key role in setting monetary policy and in communicating the SNB's decisions to the public. Due to the …
Persistent link: https://www.econbiz.de/10009635971
criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross … the possibility of persistent central bank misperceptions. Such misperceptions motivate the search for policies that …
Persistent link: https://www.econbiz.de/10009640349
Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet …
Persistent link: https://www.econbiz.de/10009640765
Central banks have recently introduced new policy initiatives, including a policy called Quantitative Easing (QE). Since it has been argued by the Bank of England that 'Standard economic models are of limited use in these unusual circumstances, and the empirical evidence is extremely limited'...
Persistent link: https://www.econbiz.de/10010308562
This paper investigates the effectiveness of the quantitative easing policy, as implemented by the Bank of England in March 2009. Similar policies had been previously implemented in Japan, the U.S. and the Eurozone. The effectiveness is measured by the impact of Bank of England policies...
Persistent link: https://www.econbiz.de/10010308568
efficiency of MTR in Egypt by measuring; whether there is a relationship between money and prices, the stability of the velocity … of circulation, and the stability of the demand for money function. The study concluded that MTR is not efficient to tie … once the prerequisites for IT regime have been met. -- inflation targeting ; demand for money function ; monetary policy in …
Persistent link: https://www.econbiz.de/10003790283
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10003831853
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10003837787
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10003864082
modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …
Persistent link: https://www.econbiz.de/10003825850