Search Results - subject:"Inflation Targeting"

Orphanides, Athanasios - 2023

Persistent link: https://www.econbiz.de/10014384669

Ganando grados de libertad : el manejo de la política monetaria en LATAM-5

Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023

the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these …

Persistent link: https://www.econbiz.de/10014433825

UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts

Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023

Considerable micro-level evidence suggests that price/wage contract durations fluctuate with the state of the economy, particularly inflation; nonetheless, macro-level evidence for this is scarce. We incorporate state-dependent price/wage setting into an open economy DSGE model to investigate...

Persistent link: https://www.econbiz.de/10014434524

Bounded rational expectation : how it can affect the effectiveness of monetary rules in the open economy

Dong, Xue; Minford, Patrick; Meenagh, David; Yang, Xiaoliang - 2023

Since the channel for agents' expectations matters for the effectiveness of monetary policies, it is crucial for policy-makers to assess the degree to which economic agents are boundedly rational and understand how the bounded rationality affects the monetary rules in stabilising the economy. We...

Persistent link: https://www.econbiz.de/10014434702

Inflation expectations, inflation target credibility, and the Covid-19 pandemic : evidence from Germany

Coleman, Winnie; Nautz, Dieter - In: Journal of money, credit and banking : JMCB 55 (2023) 7, pp. 1937-1953

Persistent link: https://www.econbiz.de/10014436111

The Federal Reserve's implicit inflation target and macroeconomic dynamics : an svar analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - In: International economic review 64 (2023) 4, pp. 1749-1775

Persistent link: https://www.econbiz.de/10014436864

Monetary rules, financial stability and welfare in a non-Ricardian framework

Adame Espinosa, Francisco - 2023

This work is based on a new Keynesian theoretical model for an advanced economy, which incorporates overlapping generations to analyze a channel through which fluctuations in household financial wealth influence aggregate demand. The optimal monetary policy, corresponding to that of a central...

Persistent link: https://www.econbiz.de/10014438853

Anticipation of central banks' adoption of inflation targeting and its effect on inflation

Dubey, Amlendu Kumar; Mishra, Akanksha - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 2, pp. 1-13

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation-targeting …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

Persistent link: https://www.econbiz.de/10014364299

Do monetary policy credibility and disagreements in inflation and interest rate expectations affect business confidence? : evidence from an inflation targeting developing country

Montes, Gabriel Caldas; Díaz, Raime Rolando Rodríguez - In: Journal of money and business 3 (2023) 2, pp. 159-183

Persistent link: https://www.econbiz.de/10015187459

Forceful or Persistent : How the ECB's New Inflation Target Affects Households' Inflation Expectations

Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023

We study how households adjust their medium-term inflation expectations under the new monetary policy strategy of the ECB. In a representative sample of 7,500 participants of the Bundesbank Online Panel Households, we find that survey respondents make little difference between the previous...

Persistent link: https://www.econbiz.de/10014358594