Showing 1 - 10 of 889,078
countries and non-Inflation Targeting countries, Section 5 uses panel estimation methods including GMM techniques on different …This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be …
Persistent link: https://www.econbiz.de/10012227388
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …
Persistent link: https://www.econbiz.de/10012210632
towards inflation targeting in monetary policy and an unprecedented surge in labour supply due to higher immigration rates. We …-bargaining pattern, has been changed by labour immigration or by inflation targeting monetary policy. An explanation of why we do not … arbitration system itself has syncronized the inflation expectations of the social partners. In that analysis, inflation targeting …
Persistent link: https://www.econbiz.de/10011373319
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
Persistent link: https://www.econbiz.de/10011523924
inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …
Persistent link: https://www.econbiz.de/10011544982
countries and non-Inflation Targeting countries, Section 5 uses panel estimation methods including GMM techniques on different …This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be …
Persistent link: https://www.econbiz.de/10012269962
With the concept of trend inflation now widely understood as to be important as a measure of the public's perception of … the inflation goal of the central bank and important to the accuracy of longer-term inflation forecasts, this paper uses … Bayesian methods to assess alternative models of trend inflation. Reflecting models common in reduced-form inflation modeling …
Persistent link: https://www.econbiz.de/10013112644
Long-term bond yields contain a risk-premium, an important part of which is compensation for inflation risks. The …
Persistent link: https://www.econbiz.de/10012584286
This paper characterizes the optimal inflation buffer consistent with a zero lower bound on nominal interest rates in a … inflation inertia would significantly underestimate the inflation buffer. If the central bank follows the prescriptions of a …
Persistent link: https://www.econbiz.de/10014065790