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How flexible can inflation targeting be and still work?
Kuttner, Kenneth N.; Posen, Adam Simon - 2011
This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that of the Federal Reserve, which does not have such a...
Persistent link: https://www.econbiz.de/10009348634
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How flexible can inflation targeting be and still work?
Kuttner, Kenneth N.; Posen, Adam S. - 2011
This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that of the Federal Reserve, which does not have such a...
Persistent link: https://www.econbiz.de/10010323567
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How flexible can inflation targeting be and still work?
Kuttner, Kenneth N.; Posen, Adam Simon - 2011
Persistent link: https://www.econbiz.de/10009301352
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How flexible can inflation targeting be and still work?
Kuttner, Kenneth N.; Posen, Adam Simon - 2011
Persistent link: https://www.econbiz.de/10009563934
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How flexible can inflation targeting be and still work?
Kuttner, Kenneth N.; Posen, Adam Simon - In: International journal of central banking : IJCB 8 (2012), pp. 65-104
Persistent link: https://www.econbiz.de/10009634230
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Considerations on the monetary policy framework of the European Central Bank
Tosato, Andrea Giorgio - 2022
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade-offs arising from adopting a point target configuration over a range target one are assessed in terms of their flexibility vs. inflation anchoring properties. This layout is...
Persistent link: https://www.econbiz.de/10012802090
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Precommitment, Transparency and Monetary Policy
Geraats, Petra M. - 2016
Persistent link: https://www.econbiz.de/10012991297
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Precommitment, transparency and monetary policy
Geraats, Petra M.; Geraats, Petra - 2001
Conventional wisdom says that commitment eliminates the inflationary bias of monetary policy. However, this paper shows that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central bank precommits by setting the policy instrument, and...
Persistent link: https://www.econbiz.de/10001612960
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Precommitment, transparency and monetary policy
Geraats, Petra M. - 2001
Üblicherweise wird angenommen, dass ein Inflationsbias verschwindet, wenn sich eine Zentralbank glaubwürdig im voraus … Modell dargestellt, in dem die Zentralbank im voraus ihre Instrumente festlegt und die anschließende Anpassung der … Zeitinkonsistenzproblem mehr auftritt. Ursache ist die Unsicherheit über die ökonomischen Störungen, auf die die Zentralbank reagiert. Nur …
Persistent link: https://www.econbiz.de/10011419400
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What Should Central Banks Target? Evidence on the Impact of Monetary Policy Regimes on Economic Growth
Wong, Kin Ming - 2015
Economists and policy-makers have long sought the ideal framework for monetary policy as it is arguably one of the most important tools for government to influence the economy. Exchange rate and inflation are believed to be the most appealing anchors for providing guidance to the conduct of...
Persistent link: https://www.econbiz.de/10013024911