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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
investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive … statistically significant correlation between QEC and average inflation is found. This result is robust to the use of control …
Persistent link: https://www.econbiz.de/10010206377
bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …
Persistent link: https://www.econbiz.de/10011525911
countries and we show that this index has the potential to affect monetary stability as measured by national inflation rates …. The existence of a correlation between inflation and the quality of eligible collateral would strongly support fundamental …
Persistent link: https://www.econbiz.de/10010206378
This paper focuses on the trade–offs that central banks would face if they were to start tackling climate change. Disruptive natural events can hamper growth and capital accumulation, thereby affecting price and financial stability – elements for which central banks are responsible. Yet, the...
Persistent link: https://www.econbiz.de/10013405241
for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …
Persistent link: https://www.econbiz.de/10012835155
independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …
Persistent link: https://www.econbiz.de/10009012047
to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …
Persistent link: https://www.econbiz.de/10011389179
study the development of CBI and how it is related with change of inflation. Overall, we find that CBI has increased over …
Persistent link: https://www.econbiz.de/10014518609
The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy framework and the roles of the central banks were no longer tenable. This prompted rethinking of central bank objectives, strategies and policy instruments, with particular focus on the...
Persistent link: https://www.econbiz.de/10012211862