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Buzeneca, Inese - 2007

Since the early 1990s, the IMF has been advising countries to shift to the use of indirect instruments for executing monetary policy. This paper provides information about a monetary policy instruments database, maintained by the Monetary and Capital Markets Department of the IMF. We offer an...

Persistent link: https://www.econbiz.de/10012677850

Can a Rule-Based Monetary Policy Framework Work in a Developing Country? The Case of Yemen

Elekdag, Selim - 2007

been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper …

Persistent link: https://www.econbiz.de/10012677852

Euro Area Monetary Policy in Uncharted Waters

Stavrev, Emil - 2009

We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We also find...

Persistent link: https://www.econbiz.de/10012677859

Monetary Policy and the Central Bank in Jordan

Maziad, Samar - 2009

The Central Bank of Jordan (CBJ) and its operational independence changed over time in line with the evolution of the monetary policy framework and as a result of the currency crisis in the late 1980s. The paper examines the developments of the CBJ, its independence in conducting monetary policy...

Persistent link: https://www.econbiz.de/10012677862

Inflation Targeting at 20

Roger, Scott - 2009

This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation … targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in … favor of ""flexible"" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently …

Persistent link: https://www.econbiz.de/10012677863

The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis

Hesse, Heiko - 2009

This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the...

Persistent link: https://www.econbiz.de/10012677877

Unconventional Central Bank Measures for Emerging Economies

Stone, Mark R. - 2009

Unconventional central bank measures are playing a key policy role for many advanced economies in the 2007-09 global crisis. Are they playing a similar role for emerging economies? Emerging economies have widely used unconventional foreign exchange and domestic short-term liquidity easing...

Persistent link: https://www.econbiz.de/10012677892

Monetary Policy and the Lost Decade

Leigh, Daniel - 2009

-rate policy fits a conventional forward-looking reaction function with an inflation target of about 1 percent. The disappointing …

Persistent link: https://www.econbiz.de/10012677895

Microfoundations and Macroeconomics : An Austrian Perspective

Horwitz, Steven - 2002

In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,<STRONG>Steven Horwitz</STRONG> constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional...</strong>

Persistent link: https://www.econbiz.de/10012677921

Central Banking after the Great Recession : Lessons Learned, Challenges Ahead

Wessel, David - 2014

The global financial crisis is largely behind us, but it left challenges it posed to the stability of the world's financial system, to the well-being of families all over the globe and to the academic consensus on the way the economy works.? To describe those challenges and the lessons learned,...

Persistent link: https://www.econbiz.de/10012678070

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