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Wage setting patterns and monetary policy: International evidence
Olivei, Giovanni; Tenreyro, Silvana - 2010
Systematic differences in the timing of wage setting decisions among industrialized countries provide an ideal framework to study the importance of wage rigidity in the transmission of monetary policy. The Japanese Shunto presents the best-known case of bunching in wage setting decisions: From...
Persistent link: https://www.econbiz.de/10010280965
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Forecasting and policy making
Wieland, Volker; Wolters, Maik Hendrik - 2012
Persistent link: https://www.econbiz.de/10010368564
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Swiss monetary policy targeting 1974-1996: the role of internal policy analysis
Rich, Georg - 2003
monetary targets, the SNB was able to reduce the inflation trend to low levels. However, it was less successful in preserving …-emptive policy stance. At the end of 1999, the SNB abandoned monetary targeting in favour of an approach based on inflation forecasts. …
Persistent link: https://www.econbiz.de/10011604282
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
Persistent link: https://www.econbiz.de/10011984446
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Changes in monetary regimes and the identification of monetary policy shocks: Narrative evidence from Canada
Champagne, Julien; Sekkel, Rodrigo - 2017
by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …
Persistent link: https://www.econbiz.de/10012014447
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-35, pp. 1-34
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
Persistent link: https://www.econbiz.de/10012023260
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Swiss Monetary Targeting 1974-1996: The Role of Internal Policy Analysis
Rich, Georg - In: Swiss Journal of Economics and Statistics 143 (2007) 3, pp. 283-329
monetary targets, the SNB was able to reduce the inflation trend to low levels. However, it was less successful in preserving …-emptive policy stance. At the end of 1999, the SNB abandoned monetary targeting in favour of an approach based on inflation forecasts. …
Persistent link: https://www.econbiz.de/10011933158
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Preisstabilität und Klimarisiken: Was im Rahmen der Strategierevision der Europäischen Zentralbank sinnvoll ist
Bremus, Franziska; Dany-Knedlik, Geraldine; Schlaak, Thore - In: DIW Wochenbericht 87 (2020) 12, pp. 238-245
Bis zum Jahresende 2020 will die Europäische Zentralbank (EZB) die Ergebnisse ihrer aktuellen Strategieüberprüfung vorlegen. Welche Änderungen sind zu erwarten und was wäre wünschenswert? Der vorliegende Bericht beschäftigt sich mit zwei Bereichen der Überprüfung. Erstens werden...
Persistent link: https://www.econbiz.de/10012230930
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Price stability and climate risks: Sensible measures for the European Central Bank
Bremus, Franziska; Dany-Knedlik, Geraldine; Schlaak, Thore - In: DIW Weekly Report 10 (2020) 14, pp. 206-213
indicate that supplementing the inflation target with a tolerance interval may be useful to enhance central bank credibility …
Persistent link: https://www.econbiz.de/10012233320
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - In: Economics: The Open Access, Open-Assessment E-Journal 13 (2019) 2019-35, pp. 1-34
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …
Persistent link: https://www.econbiz.de/10012309478