Showing 41 - 50 of 723,533
Persistent link: https://www.econbiz.de/10011960870
Persistent link: https://www.econbiz.de/10011975091
Persistent link: https://www.econbiz.de/10014578292
The purpose of this paper is to investigate the effectiveness of the central bank's policy rate on market interest rates in Turkey for the inflation-targeting period. Empirical evidence suggests that (i) all interest rates respond to a positive policy rate shock positively for all periods and...
Persistent link: https://www.econbiz.de/10012915255
After adopting an inflation targeting framework for monetary policy at the turn of the twenty-first century, Banco de la República, the Central Bank of Colombia, started actively using the monetary policy interest rate as its key policy tool. This paper examines the interest rate pass-through...
Persistent link: https://www.econbiz.de/10013393378
Persistent link: https://www.econbiz.de/10003074062
This paper characterizes the optimal inflation buffer consistent with a zero lower bound on nominal interest rates in a New Keynesian sticky-price model. It is shown that a purely forward-looking version of the model that abstracts from inflation inertia would significantly underestimate the...
Persistent link: https://www.econbiz.de/10014065790
Persistent link: https://www.econbiz.de/10011508999
Persistent link: https://www.econbiz.de/10012872647
Persistent link: https://www.econbiz.de/10012799467