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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

The Phillips curve in Australia in the era of inflation targeting

Mallick, Debdulal - In: The Australian economic review 57 (2024) 3, pp. 272-282

Persistent link: https://www.econbiz.de/10015137903

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

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

Monetary policy between stability and growth

Fabris, Nikola - In: Journal of central banking theory and practice 13 (2024) 1, pp. 27-42

The global financial crisis and the coronavirus pandemic were marked by expansionary policies of key central banks in an attempt to stop the recession. The degree of expansiveness of monetary policy was unprecedented. As a result of expansionary policies, global inflation has been present since...

Persistent link: https://www.econbiz.de/10014496247

An assessment of inflation targeting in a quantitative monetary business cycle framework : evidence from four early adopters

Cho, Dooyeon; Rhee, Dong-Eun - In: Applied economics 47 (2015) 31/33, pp. 3395-3413

Persistent link: https://www.econbiz.de/10011293537

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

COVID-19 effects on the Canadian term structure of interest rates

Severino, Federico; Cremona, Marzia A.; Dadié, Éric - In: Review of Economic Analysis : REA 14 (2022) 4, pp. 471-502

In Canada, COVID-19 pandemic triggered exceptional monetary policy interventions by the central bank, which in March … 2020 made multiple unscheduled cuts to its target rate. In this paper we assess the extent to which Bank of Canada … changed after target rate cuts. Bank of Canada was effective in lowering the whole yield curve and correcting the inverted …

Persistent link: https://www.econbiz.de/10014287518

How Elastic and Predictable Money Should Be : Flexible Monetary Policy Rules from the Great Moderation to the New Normal Times (1993-2023)

Masciandaro, Donato - 2023

The never ending debate on the optimal money elasticity and predictability, coupled with the recent wishes of the major central banks to normalize monetary policy, as well as to revise their best practices, motivate this paper. Its aim is to offer a review of the evolution of the modern concept...

Persistent link: https://www.econbiz.de/10014257290