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Inflation Targeting and Inflation Persistence in Asia-Pacific

Gerlach, Stefan - 2011

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. While it … is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be large and … protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation, as measured …

Persistent link: https://www.econbiz.de/10013120898

Populism, economic policies and central banking

Agur, Itai; Gnan, Ernest; Masciandaro, Donato; Binder, … - Populism, Economic Policies and Central Banking …; … - 2020

Persistent link: https://www.econbiz.de/10012225066

Monetary Policy Regimes and Macroeconomic Outcomes : Hong Kong and Singapore

Gerlach, Stefan - 2013

reaction function. The parameter estimates differ in two regards: the NEER responds to inflation in Singapore but not in Hong … variability of inflation has been lower in Singapore, but the volatility of real economic activity has been similar in the two …

Persistent link: https://www.econbiz.de/10012711720

The Zero Lower Bound, ECB Interest Rate Policy and the Financial Crisis

Gerlach, Stefan - 2011

This paper estimates a monetary policy reaction function for the ECB over the period 1999-2009. To allow for a potential shift in interest rate setting during the financial crisis, we permit a smooth transition from one set of parameters to another. The estimates show a swift change in the...

Persistent link: https://www.econbiz.de/10013119261

Monetary policy and TIPS yields before the crisis

Gerlach, Stefan; Moretti, Laura - 2011

We make three points. First, the decade before the financial crisis in 2007 was characterized by a collapse in the yield on TIPS. Second, estimated VARs for the federal funds rate and the TIPS yield show that while monetary policy shocks had negligible effects on the TIPS yield, shocks to the...

Persistent link: https://www.econbiz.de/10009298368

The Implementation of Monetary Policy in China : The Interbank Market and Bank Lending

Chen, Hongyi - 2011

We analyze the impact of monetary policy instruments on interbank lending rates and retail bank lending in China using an extended version of the model of Porter and Xu (2009). Unlike the Central banks of advanced economies, the People's Bank of China uses changes in the required reserve ratios...

Persistent link: https://www.econbiz.de/10013120897

Swiss monetary policy, 2000 - 2009

Genberg, Hans; Gerlach, Stefan - 2010

Persistent link: https://www.econbiz.de/10003976574

Swiss monetary policy 2000 - 2009

Genberg, Hans; Gerlach, Stefan - In: Swiss journal of economics and statistics 146 (2010) 1, pp. 131-183

Persistent link: https://www.econbiz.de/10003997397

Monetary factors and inflation in Japan

Assenmacher-Wesche, Katrin; Gerlach, Stefan; Sekine, … - 2007

band spectrum regression to study the determination of inflation in Japan. We find that inflation is related to money … reflects Granger causality from money growth and the output gap to inflation in the relevant frequency bands. Keywords …

Persistent link: https://www.econbiz.de/10010382347

Zero lower bound, ECB interest rate policy and the financial crisis

Gerlach, Stefan; Lewis, John - In: Empirical economics : a journal of the Institute for … 46 (2014) 3, pp. 865-886

Persistent link: https://www.econbiz.de/10010344379