Search Results - subject:"Inflation Targeting"

Interest rate policy and exchange rates volatility lessons from Indonesia

Kuncoro, Haryo - In: Journal of Central Banking Theory and Practice 9 (2020) 2, pp. 19-42

Whether or not inflation targeting adoption leads to increased volatility of exchange rates is controversial. The … volatility increases with inflation targeting as a result of the flexible exchange rate regime. Others argue that inflation … whether interest rate policy in inflation targeting frameworks - that is subjected to control inflation rate - may reduce the …

Persistent link: https://www.econbiz.de/10014558392

Exchange rate targeting versus inflation targeting: Empirical analysis of the impact on employment and economic growth

Krušković, Borivoje - In: Journal of Central Banking Theory and Practice 9 (2020) 2, pp. 67-85

This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also … inflation targeting have a lower rate of economic growth and higher unemployment. …

Persistent link: https://www.econbiz.de/10014558528

The evolution of monetary policy in Latin American economies: Responsiveness to inflation under different degrees of credibility

Gießler, Stefan - 2020

transition path to the full-fledged inflation targeting regime. The analysis is based on an interest rate-based hybrid monetary …

Persistent link: https://www.econbiz.de/10012236524

The Impact of Inflation Targeting on Inflation and Growth: How Robust Is the Evidence?

Junankar, Pramod N. (Raja); Wong, Chun Yee - 2020

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

Persistent link: https://www.econbiz.de/10012269962

Alternative Measures of Price Inflation and the Perception of Real Income in Germany

Israel, Karl-Friedrich; Schnabl, Gunther - 2020

Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop...

Persistent link: https://www.econbiz.de/10012314870

The impact of inflation targeting: Testing the good luck hypothesis

Ravenna, Federico; Ingholt, Marcus Mølbak - 2020

adopters of an inflation targeting monetary policy. We Kalman-filter the historical structural shocks consistent with an … output stabilization is accounted by the impact on expectations. Unconditionally, the inflation targeting policy does not …

Persistent link: https://www.econbiz.de/10012388891

Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies

Martins, Guilherme Klein; Skott, Peter - 2020

standard macroeconomic policy recommendations of inflation targeting and balanced budgets (i) increase volatility by amplifying …

Persistent link: https://www.econbiz.de/10012388920

Inflation volatility in small and large advanced open economies

Mozzanica, Mirco Balatti - 2020

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often overlooked in the literature. This paper compares in ation volatility among advanced open economies with in ation targeting monetary policy frameworks. The results of the empirical...

Persistent link: https://www.econbiz.de/10012422110

Central Bank Digital Currency: When Price and Bank Stability Collide

Schilling, Linda; Fernández-Villaverde, Jesús; Uhlig, … - 2020

A central bank digital currency, or CBDC, may provide an attractive alternative to traditional demand deposits held in private banks. When offering CBDC accounts, the central bank needs to confront classic issues of banking: conducting maturity transformation while providing liquidity to private...

Persistent link: https://www.econbiz.de/10012425679

Inflation targeting in low-income countries: Does IT work?

Bleaney, Michael F.; Morozumi, Atsuyoshi; Mumuni, Zakari - 2020

Previous research on inflation targeting (IT) has focused on high-income countries (HICs) and emerging market economies …

Persistent link: https://www.econbiz.de/10012875976