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Limits of Monetary Policy Autonomy and Exchange Rate Flexibility by East Asian Central Banks

Loeffler, Axel - 2015

financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …

Persistent link: https://www.econbiz.de/10013035172

Limits of monetary policy autonomy and exchange rate flexibility by East Asian central banks

Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - 2013

financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …

Persistent link: https://www.econbiz.de/10009775810

The German Federal Constitutional Court ruling and the European Central Bank's strategy

Feld, Lars P.; Wieland, Volker - 2020

terms of the intended path for inflation while involving costs in terms of risks and side effects that need to be balanced …

Persistent link: https://www.econbiz.de/10012303171

The German Federal Constitutional Court ruling and the European Central Bank's strategy

Feld, Lars P.; Wieland, Volker - 2020

Persistent link: https://www.econbiz.de/10012309417

Reviewing Bank of England Independence : The Report of the Bank of England Commission

Williams, Geoffrey - 2000

policy decisions, changing the inflation target and creating a new Parliamentary Committee and possibly a new Council of …

Persistent link: https://www.econbiz.de/10014152918

Monetary Policy Uncertainty and Central Bank Accountability

Nolan, Charles; Schaling, Eric - 1998

There is a considerable academic literature on the relationship between Central Bank independence and inflation but the … issue of Central Bank accountability and its effect of inflation performance has received very little attention. This paper … inflation performance. This follows because, increased uncertainty will cause the public to raise their average inflation …

Persistent link: https://www.econbiz.de/10014064062

Asserting Independence : Optimal Monetary Policy When the Central Bank and Political Authority Disagree

Svec, Justin; Tortorice, Daniel L. - 2022

A central bank has preferences that differ from the political authority. While the central bank is independent, i.e. it maximizes its own preferences, households do not know this. Instead, households observe the interest rate choices of the central bank and update their beliefs regarding central...

Persistent link: https://www.econbiz.de/10013297426

States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives

Balling, Morten; Jackson, Patricia; Gnan, Ernest; … - 2013

On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the papers in this publication discuss from different...

Persistent link: https://www.econbiz.de/10011689959

Monetary Policy Implementation : Operational Issues for Countries with Evolving Monetary Policy Frameworks

Maehle, Nils O. - 2020

This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be...

Persistent link: https://www.econbiz.de/10012840604

Designing New Money - The Policy Trilemma of Central Bank Digital Currency

Bjerg, Ole - 2017

The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy...

Persistent link: https://www.econbiz.de/10012954346