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Does Talk Matter after All? : Inflation Targeting and Central Bank Behavior

Posen, Adam S.; Kuttner, Kenneth N. - 2006

rates to inflation movements, for three countries adopting IT in the early 1990s. For the U.K. and Canada, lower inflation …

Persistent link: https://www.econbiz.de/10014182417

The business cycle and monetary policy : what changed after the GFC?

Hall, Vivian Bruce; McDermott, C. John - In: New Zealand economic papers 54 (2020) 3, pp. 312-326

Persistent link: https://www.econbiz.de/10012384446

Do inflation targeting central banks behave asymmetrically? : Evidence from Australia and New Zealand

Karagedikli, Özer; Lees, Kirdan - 2004

Persistent link: https://www.econbiz.de/10002078420

Monetary Policy and Interest Rates Under Inflation Targeting in Australia and New Zealand

Berument, Hakan - 2018

regard of New Zealand and Australia, two countries that have been inflation targeters for many years. Our results are …

Persistent link: https://www.econbiz.de/10012915241

Monetary Policy and the Uncovered Interest Rate Parity Puzzle : Theory and Empirical Results for Oceania

Guender, Alfred - 2014

This article offers a theory‐based explanation for why high‐ interest‐rate countries see their currencies appreciate, the so‐called UIP puzzle. The central bank bases its target rule on the lag of the policy instrument and the CPI inflation rate. When combined with a stylised model of an...

Persistent link: https://www.econbiz.de/10014145148

Inflation Targeting as a Framework for Monetary Policy : A Cross-Country Analysis

Seyfried, William; Bremmer, Dale - 2003

This study makes use of a dynamic Taylor-type model to examine the conduct of monetary policy by central banks that profess to engage in inflation targeting. Previous research regarding inflation targeting and Taylor-type rules is reviewed and a dynamic Taylor-type model is developed. Tests for...

Persistent link: https://www.econbiz.de/10014075678

Multifactor Keynesian models of the long-term interest rate

Akram, Tanweer - 2021

Using panel data models, we analyze the flypaper effects-whether intergovernmental fiscal transfers or states' own income determine expenditure commitments - on ecological fiscal spending in India. The econometric results show that the unconditional fiscal transfers, rather than the states' own...

Persistent link: https://www.econbiz.de/10012596963

What does monetary policy reveal about central bank's preferences?

Castelnuovo, Efrem; Surico, Paolo - 2002

The design of monetary policy depends upon the targeting strategy adopted by the central bank. This strategy describes a set of policy preferences, which are actually the structural parameters to analyse monetary policy making. Accordingly, we develop a novel calibration method to identify...

Persistent link: https://www.econbiz.de/10011594051

Governance of Payment Systems : A Theoretical Framework and Cross-Country Comparison

Summers, Bruce J. - 2014

regulatory norms, finding that governance in Australia, the European Union, and the United Kingdom aligns with the theoretical … model, and that their governance is effective. Payment system governance in Japan, Canada, and the United States does not …

Persistent link: https://www.econbiz.de/10013049564

Inquiry into the future monetary policy framework : report of the Finance and Expenditure Committee ; Forty-eighth Parliament (Charles Chauvel MP, Chairperson)

Chauvel, Charles (contributor) - 2008

similar manner to countries with wider mandates, such as Australia and the United States. • acknowledges that at times of … productivity performance of a sector, and appropriate institutional arrangements, including a joint approach with Australia for … a dual mandate, similar to that of the Reserve Bank of Australia or the Federal Reserve System of the United States …

Persistent link: https://www.econbiz.de/10003784077