Showing 31 - 40 of 154,281
inflation. Original sin seems to be on the way out, as more and more countries are issuing local currency debt at longer …
Persistent link: https://www.econbiz.de/10005825767
import prices contributed to reducing inflation, and creating room for aggressive monetary easing. Export growth has been led …
Persistent link: https://www.econbiz.de/10005599087
Israel was mildly affected by the global recession: following a slowdown in 2009, output is projected to grow by some 4 percent in 2010, led by consumption and exports. Robust fundamentals—including sustained pre-crisis fiscal consolidation—and a swift monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10011242572
Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation …) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are … largely based on backward-looking information, suggesting that inflation expectations are not well anchored and hence more is …
Persistent link: https://www.econbiz.de/10009370543
The excess liquidity in the euro area is a product of a long period of quantitative easing. It changed the operational framework of the European Central Bank (ECB)'s monetary policy from the scarce reserves system (SRS) to the abundant reserves system (ARS). To eliminate excess liquidity and...
Persistent link: https://www.econbiz.de/10014577250
Persistent link: https://www.econbiz.de/10013415016
-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …
Persistent link: https://www.econbiz.de/10010321554
Persistent link: https://www.econbiz.de/10003384722
The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied...
Persistent link: https://www.econbiz.de/10010349426
Persistent link: https://www.econbiz.de/10010411560