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Year of publication
Subject
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Geldpolitisches Ziel 2,020 Monetary target 2,020 Geldpolitik 1,198 Monetary policy 1,186 Theorie 907 Theory 907 Inflation targeting 597 Inflationssteuerung 585 Zentralbank 293 Central bank 292 USA 276 United States 275 EU countries 266 EU-Staaten 266 Inflationsbekämpfung 250 Anti-inflation policy 246 Regelbindung versus Diskretion 225 Rules versus discretion 225 Euro area 200 Eurozone 200 Monetary targeting 157 Geldmengensteuerung 156 Inflation 147 Preisstabilität 137 Price stability 137 Taylor-Regel 134 Taylor rule 133 Exchange rate policy 127 Wechselkurspolitik 127 Welt 127 World 127 Impact assessment 116 Wirkungsanalyse 116 Zins 116 Interest rate 113 Deutschland 110 Germany 109 Interest rate policy 98 Zinspolitik 98 Neoclassical synthesis 96
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Online availability
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Free 745 Undetermined 156 CC license 6
Type of publication
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Book / Working Paper 1,214 Article 859 Journal 7
Type of publication (narrower categories)
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Article in journal 644 Aufsatz in Zeitschrift 644 Graue Literatur 593 Non-commercial literature 593 Arbeitspapier 560 Working Paper 560 Aufsatz im Buch 204 Book section 204 Hochschulschrift 48 Thesis 42 Collection of articles of several authors 27 Sammelwerk 27 Konferenzschrift 26 Conference proceedings 17 Collection of articles written by one author 14 Sammlung 14 Bibliografie enthalten 13 Bibliography included 13 Aufsatzsammlung 10 Conference paper 9 Konferenzbeitrag 9 Amtsdruckschrift 6 Government document 6 Systematic review 6 Übersichtsarbeit 6 Case study 4 Fallstudie 4 Rezension 4 Statistik 4 Handbook 2 Handbuch 2 Statistics 2 Bibliografie 1 CD-ROM, DVD 1 Elektronischer Datenträger 1 Festschrift 1 Lehrbuch 1 Market information 1 Marktinformation 1 Mehrbändiges Werk 1
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Language
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English 1,867 German 115 Undetermined 30 French 21 Spanish 15 Polish 12 Czech 4 Hungarian 4 Swedish 4 Russian 3 Italian 2 Dutch 2 Portuguese 2 Slovenian 2 Croatian 1 Macedonian 1
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Author
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Svensson, Lars E. O. 94 Mishkin, Frederic S. 46 McCallum, Bennett T. 39 Nelson, Edward 19 Bofinger, Peter 18 Taylor, John B. 18 Williams, John C. 16 Posen, Adam Simon 15 Frankel, Jeffrey A. 14 King, Robert G. 14 Levin, Andrew T. 14 Orphanides, Athanasios 14 Reis, Ricardo 14 Rudebusch, Glenn D. 14 Wagner, Helmut 14 Bernanke, Ben 13 Hagen, Jürgen von 13 Uribe, Martín 13 Wieland, Volker 13 Woodford, Michael 13 Galí, Jordi 12 Thornton, Daniel L. 12 Walsh, Carl E. 12 Ball, Laurence M. 11 Gros, Daniel 11 Hefeker, Carsten 11 Issing, Otmar 11 Kuttner, Kenneth N. 11 Mankiw, Nicholas Gregory 11 Savastano, Miguel A. 11 Smets, Frank 11 Berg, Andrew 10 Debortoli, Davide 10 Dennis, Richard J. 10 Gerlach, Stefan 10 Jensen, Henrik 10 Schmitt-Grohé, Stephanie 10 Wollmershäuser, Timo 10 Berger, Wolfram 9 Blanchard, Olivier 9
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Institution
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National Bureau of Economic Research 72 International Monetary Fund (IMF) 60 International Monetary Fund 14 Christian-Albrechts-Universität zu Kiel / Institut für Weltwirtschaft 7 Federal Reserve Bank of Kansas City 5 Banca d'Italia 3 Centre for Economic Policy Research 3 Centro di Economia Monetaria e Finanziaria Paolo Baffi 3 Conference on Monetary Policy Rules <1998, Stockholm> 3 Europäische Zentralbank 3 Federal Reserve Bank of San Francisco 3 Federal Reserve Bank of St. Louis 3 Innocenzo Gasparini Institute for Economic Research <Mailand> 3 Internationaler Währungsfonds / European Department <1> 3 Narodna Banka na Republika Makedonija 3 Reserve Bank of New Zealand 3 Sveriges Riksbank 3 Università commerciale Luigi Bocconi 3 Australian National University / Faculty of Economics and Commerce 2 Edward Elgar Publishing 2 Ekonomiska forskningsinstitutet <Stockholm> 2 Europäisches Parlament / Generaldirektion Wissenschaft 2 Federal Reserve Bank of Cleveland 2 Federal Reserve Bank of San Francisco / Center for Pacific Basin Monetary and Economic Studies 2 Federal Reserve System / Board of Governors 2 Goethe-Universität Frankfurt am Main 2 Han gug eun haeng 2 Institutet för Internationell Ekonomi <Stockholm> 2 Internationaler Währungsfonds / Monetary and Exchange Affairs Department 2 Oesterreichische Nationalbank 2 University of California Davis / Department of Economics 2 World Bank / Financial Sector Strategy and Policy Group 2 Aarhus Universitet / Afdeling for Nationaløkonomi 1 African Economic Research Consortium 1 Amalgamated Banks of South Africa 1 Atlantic Economic Society 1 Banco Central de Chile 1 Banco Central do Brasil 1 Bank of Canada 1 Centre for Banking and International Finance at the City University 1
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Published in...
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NBER working paper series 70 Working paper / National Bureau of Economic Research, Inc. 67 NBER Working Paper 64 IMF Working Papers 52 Discussion paper / Centre for Economic Policy Research 42 Review / Federal Reserve Bank of St. Louis 29 Journal of monetary economics 24 Journal of money, credit and banking : JMCB 23 IMF working papers 22 IMF working paper 16 Journal of macroeconomics 16 Working paper 15 Working paper series / European Central Bank 14 Journal of economic dynamics & control 13 Economic modelling 11 Sveriges Riksbank working paper series 11 Finance and economics discussion series 10 Reserve Bank of New Zealand bulletin 10 Seminar paper / Institute for International Economic Studies, University of Stockholm 10 Working paper series / European Central Bank ; Eurosystem 10 Applied economics 9 ECB Working Paper 9 Economics letters 9 European economic review : EER 9 Intereconomics : review of European economic policy 9 The American economic review 9 The Cato journal : an interdisciplinary journal of public policy analysis 9 Bank of Finland research discussion papers 8 Discussion paper series 8 IMF Staff Country Reports 8 Monetary policy in transition in East and West : strategies, instruments and transmission mechanisms ; Vienna, November 17 - 19, 1996 8 The economic journal : the journal of the Royal Economic Society 8 CESifo working papers 7 Journal of policy modeling : JPMOD ; a social science forum of world issues 7 Southern economic journal 7 Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 7 Working papers series / Federal Reserve Bank of San Francisco 7 BIS working papers 6 Discussion paper 6 FEDS Working Paper 6
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Source
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ECONIS (ZBW) 2,018 RePEc 60 ArchiDok 2
Showing 1 - 50 of 2,080
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Rethinking monetary policy : the case for adopting NGDP targeting in Britain
Pudner, Damian - 2025
The existing monetary framework of the Bank of England fails to manage supply-side shocks and financial crises effectively, which leads to economic volatility and potential policy errors. Targeting the growth path of nominal GDP would provide a more stable and predictable macroeconomic...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359276
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Monetary regimes with two nominal anchors : are they possible?
Fabris, Nikola - In: Journal of central banking theory and practice 14 (2025) 1, pp. 5-19
The traditional approach to monetary policy, which relied on one instrument to achieve a single goal, has proven ineffective during recent periods of global instability. In response to the challenges that this traditional framework could not address, non-standard monetary policy instruments have...
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Enhancing resilience with natural growth targeting
Orphanides, Athanasios - In: Southern economic journal 91 (2025) 4, pp. 1420-1439
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Understanding and predicting monetary policy framework choice in developing countries
Sullivan, Megan - In: Economic modelling 139 (2024), pp. 1-20
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Nominal GDP growth targeting vs. Taylor rules in a model with financial frictions
Dvalishvili, Archil; Dvalishvili, Mikheil; Thurston, Thom B. - In: Economic modelling 141 (2024), pp. 1-12
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Targeted Taylor rules : some evidence and theory
Hofmann, Boris; Manea, Cristina; Mojon, Benoît - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015148019
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Enhancing resilience with natural growth targeting
Orphanides, Athanasios - 2024
Despite a number of helpful changes, including the adoption of an inflation target, the Fed's monetary policy strategy proved insufficiently resilient in recent years. While the Fed eased policy appropriately during the pandemic, it fell behind the curve during the post-pandemic recovery. During...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014479735
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Does the Fed ahere to its mandate? : estimating the Federal Reserve’s objective function
El-Shagi, Makram - 2024
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Monetary policy strategies to navigate post-pandemic inflation : an assessment using the ECB's New Area-Wide Model
Darracq Pariès, Matthieu; Kornprobst, Antoine; … - 2024
We evaluate how the euro area economy would have performed since mid-2021 under alternative monetary policy strategies. We use the ECB's workhorse estimated DSGE model and contrast actual policy conduct against alternative strategies which differ in their "lower-for-longer" commitment as well as...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014527121
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Central bank objectives, monetary policy rules, and limited Information
Benchimol, Jonathan - 2024
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The choice of monetary regimes in emerging market economies : inflation targeting versus its alternatives
Stojanovikj, Martin; Petrevski, Goran - In: International review of economics & finance : IREF 93 (2024) 1, pp. 237-260
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Continuity and change in the Federal Reserve's perspective on price stability
López-Salido, José David; Markowitz, Emily J.; … - 2024
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Monetary Policy Strategies for the Euro Area : Optimal Rules in the Presence of the ELB
Mazelis, Falk; Motto, Roberto; Ristiniemi, Annukka - 2023
We study alternative monetary policy strategies in the presence of the lower bound on nominal interest rates and a low equilibrium real rate using an estimated DSGE model for the euro area. We find that simple feedback rules that implement inflation targeting result in a binding lower bound...
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Monetary Policy Strategies for the Euro Area : Optimal Rules in the Presence of the Elb
Motto, Roberto; Mazelis, Falk; Ristiniemi, Annukka - 2023
We study alternative monetary policy strategies in the presence of the lower bound on nominal interest rates and a low equilibrium real rate using an estimated DSGE model for the euro area. We find that simple feedback rules that implement inflation targeting result in a binding lower bound...
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Let the sun shine in! : policy transparency improves economic outcomes : the experience of monetary policy, with lessons for fiscal policy
Globerman, Steven; Schembri, Lawrence - 2023
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Monetary policy frameworks away from the ELB
De Fiore, Fiorella; Mojon, Benoît; Rees, Daniel M.; … - 2023
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Monetary policy strategies in advanced and emerging economies
Chen, Sonja; Serletis, Apostolos - In: Open economies review 36 (2025) 1, pp. 1-23
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Milton Friedman and nominal income targeting
Horan, Patrick - In: Southern economic journal 91 (2025) 3, pp. 988-1011
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The fate of FAIT : salvaging the Fed's framework
Beckworth, David; Horan, Patrick J. - In: Southern economic journal 91 (2025) 4, pp. 1391-1403
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The case for nominal GDP level targeting
Hendrickson, Joshua - In: Southern economic journal 91 (2025) 4, pp. 1404-1419
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The 2021 Review of the Monetary Policy Strategy of the Eurosystem : An Economy of Forces
Argiri, Eleni; Skotida, Ifigeneia - 2022
This study delves into the rationale behind the 2021 review of the monetary policy strategy of the Eurosystem and elaborates on the main elements of the new strategy and its implications for monetary policy-making going forward. The profound changes in the economic landscape that have taken...
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Monetary Policy Objectives and Instruments Used by the Privileged National Bank of the Kingdom of Serbia (1884-1914)
Šojić, Milan; Djurdjevic, Ljiljana - 2022
In the first thirty years of its operations, key functions of the privileged National Bank of the Kingdom of Serbia (1884-1914) were those of a creditor of the economy, issuer of currency and banker to the government. The National Bank’s success in the performance of its functions was mainly...
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Testing Long-Run Purchasing Power Parity Under Exchange Rate Targeting
Brissimis, Sophocles N.; Sideris, Dimitrios; Voumvaki, … - 2022
The present paper exploits the idea that empirical estimates of the long-run PPP relationship may compound two distinct influences coming from the behavior of market participants and policy makers when the latter are targeting the exchange rate. This tends to bias tests of long-run PPP against...
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Monetary Policy and Endogenous Financial Crises
Boissay, Frédéric; Collard, Fabrice; Galí, Jordi; … - 2022
We study whether a central bank should deviate from its objective of price stability to promote financial stability. We tackle this question within a textbook New Keynesian model augmented with capital accumulation and microfounded endogenous financial crises. We compare several interest rate...
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Inflation of objectives instead of focus on inflation? : evidence on the ECB objective function from a textual analysis : study supported by the Brigitte Strube Foundation
Heinemann, Friedrich; Kemper, Jan - 2022
In this analysis, we investigate ECB communication by analyzing more than 3,800 speeches from 1999 until 2022. The study measures the attention which ECB Council members pay to various implicit and explicit monetary policy objectives. While price stability, according to the Maastricht Treaty, is...
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Monetary targeting revisited
Kern, Florian; Sigl-Glöckner, Philippa; Krahé, Max - 2022
Central banks define a monetary policy strategy in which they set out the instruments they use to achieve their monetary policy objectives as well as the incoming data they take into account when using these instruments. Independent central banks in particular are expected to provide a detailed...
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Should Monetary Policy Target Financial Stability?
Chen, William; Phelan, Gregory - 2022
Monetary policy can promote financial stability and improve household welfare. We con- sider a macro model with a financial sector in which banks do not actively issue equity, output and growth depend on the aggregate level of bank equity, and equilibrium is inefficient. Monetary policy rules...
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What to target? : insights from a lab experiment
Salle, Isabelle L. - In: CeNDEF working paper (2022) 3, pp. 1-61
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Efficient Rules for Monetary Policy
Ball, Laurence M. - 2022
This paper defines an efficient rule for monetary policy as one that minimizes a weighted sum of output variance and inflation variance. It derives several results about the efficiency of alternative rules in a simple macroeconomic model. First, efficient rules can be expressed as 'Taylor rules'...
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Monetary Policy Strategies for Latin America
Mishkin, Frederic S.; Savastano, Miguel A. - 2022
The paper examines possible monetary policy strategies for Latin America that may help lock-in the gains in the fight against inflation attained by the region during the 1990s. We start by calling for a refocus of the debate about the conduct of monetary policy away from thinking that it is...
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International Experiences with Different Monetary Policy Regimes
Mishkin, Frederic S. - 2022
This paper examines the international experiences with four basic types of monetary policy regimes: 1) exchange-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal anchor. The basic theme that emerges from this...
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In Search of Targeting Rules for Monetary and Macroprudential Policy
Xia, Tian; Xu, Mingzhi - 2022
This paper examines jointly optimal monetary and macroprudential policies through the lens of targeting rules that are both implementable and optimal. Based on a DSGE framework that features nominal rigidity, housing, and an incomplete financial market, our targeting rules outperform an optimal...
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The MPC : then and now
King, Mervyn - In: Reflections on monetary policy after 25 years of the MPC, (pp. 161-168). 2024
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Financial Conditions Targeting
Caballero, Ricardo J.; Caravello, Tomás E.; Simsek, Alp - National Bureau of Economic Research - 2024
We present evidence that noisy financial flows influence financial conditions and macroeconomic activity. How should monetary policy respond to this noise? We develop a model where it is optimal for the central bank to target and (partially) stabilize financial conditions beyond their direct...
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Monetary policy instruments and inflation in Nigeria : a revisit of FAVAR
Akande, Emmanuel O.; Dandaura, Jeremiah D.; Akanni, Elijah - In: International journal of economic policy studies 18 (2024) 1, pp. 1-36
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Optimal contracts and inflation targets revisited
Persson, Torsten; Tabellini, Guido Enrico - 2024
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Central bank objectives, monetary policy rules, and limited information
Benchimol, Jonathan - In: Journal of macroeconomics 80 (2024), pp. 1-37
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Lessons from History for Successful Disinflation
Romer, Christina; Romer, David - National Bureau of Economic Research - 2024
Why do some attempts at disinflation lead to substantial reductions in inflation while others do not? We investigate this question in the context of the Federal Reserve's attempts at disinflation since World War II. Our central finding is that a fundamental determinant of success in reducing...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635629
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Enhancing resilience with natural growth targeting
Orphanides, Athanasios - 2024
Despite a number of helpful changes, including the adoption of an inflation target, the Fed’s monetary policy strategy proved insufficiently resilient in recent years. While the Fed eased policy appropriately during the pandemic, it fell behind the curve during the post-pandemic recovery....
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014483156
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How Should Monetary Policy Be Conducted in an Era of Price Stability?
Svensson, Lars E. O. - 2021
The paper discusses several issues related to how monetary policy should be conducted in an era of price stability. Low inflation (with base drift in the price level) and price-level stability (without such base drift) are compared, and a suitable loss function (corresponding to flexible...
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The Case for Price Stability
Goodfriend, Marvin; King, Robert G. - 2021
Reasoning within the New Neoclassical Synthesis (NNS) we previously recommended that price stability should be the primary objective of monetary policy. We called this a neutral policy because it keeps output at its potential, defined as the outcome of an imperfectly competitive real business...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013220389
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Targeting Nominal Income : a Note
West, Kenneth D. - 2021
This paper compares nominal income and monetary targets in a standard aggregate demand - aggregate supply framework. If the desirability of policies is measured by their effect on the unconditional variance of output, nominal income targeting is preferable if and only if the aggregate elasticity...
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Monetary Policy with Judgment : Forecast Targeting
Svensson, Lars E. O. - 2021
"Forecast targeting," forward-looking monetary policy that uses central-bank judgment to construct optimal policy projections of the target variables and the instrument rate, may perform substantially better than monetary policy that disregards judgment and follows a given instrument rule. This...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013220540
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Targeting vs. Instrument Rules for Monetary Policy
McCallum, Bennett T.; Nelson, Edward - 2021
Svensson (JEL, 2003) argues strongly that specific targeting rules first order optimality conditions for a specific objective function and model are normatively superior to instrument rules for the conduct of monetary policy. That argument is based largely upon four main objections to the latter...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013221112
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Monetary Policy for Inattentive Economies
Ball, Laurence M.; Mankiw, Nicholas Gregory; Reis, Ricardo - 2021
This paper is a contribution to the analysis of optimal monetary policy. It begins with a critical assessment of the existing literature, arguing that most work is based on implausible models of inflation-output dynamics. It then suggests that this problem may be solved with some recent...
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The Rise and Fall of Money Growth Targets as Guidelines for U.S. Monetary Policy
Friedman, Benjamin M. - 2021
A familiar question raised by the Federal Reserve System's evolving use of money growth targets over the past twenty years is whether monetary policymakers had sound economic reasons for changing their procedures as they did -- either in adopting money growth targets in the first place, or in...
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Monetary Policy and Real Stabilization
Svensson, Lars E. O. - 2021
Monetary policy can achieve average inflation equal to a given inflation target and, at best, a good compromise between inflation variability and output-gap variability. Monetary policy cannot completely stabilize either inflation or the output gap. Increased credibility in the form of inflation...
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Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations
Ehrmann, Michael - 2021
Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands around a point target, or by specifying target ranges. Using data for 20 economies, this paper tests whether the various target types affect the anchoring of inflation...
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International Capital Mobility and the Coordination of Monetary Rules
Carlozzi, Nicholas; Taylor, John B. - 2021
The paper develops a two-country model with flexible exchange rates and perfect capital mobility, for evaluating the alternative macroeconomic policy rules. Macroeconomic performance is measured in terms of fluctuations in inflation and output. Expectations are rational, and prices are sticky;...
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A Model of Target Changes and the Term Structure of Interest Rates
Balduzzi, Pierluigi; Bertola, Giuseppe; Foresi, Silverio - 2021
We explore the effects of official targeting policy on the term-structure of nominal interest rates, adapting relevant insights from theoretical work on "peso problems" to account for realistic infrequency of target changes. Our analysis of daily U.S. interest rates and newly available...
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