Search Results - subject:"Inflation Targeting"

Financial Inclusion, Inflation Targeting and the Policy Rate : Evidence from Emerging Economies

Cavoli, Tony; Gopalan, Sasidaran; Rajan, Ramkishen S. - 2023

existence of an inflation targeting regime has important associative as well as causal relationships with policy rates …

Persistent link: https://www.econbiz.de/10014260002

Post-Pandemic Euro-Area Inflation : Energy Shocks and Monetary Policy

Neri, Stefano - 2023

The contribution of energy shocks to euro-area inflation in 2022 is larger than that of shocks to aggregate and supply, and to monetary policy. Had the ECB tightened monetary policy more than implied by the actual policy rate to counter the energy shocks, growth and inflation would have been...

Persistent link: https://www.econbiz.de/10014260209

Anchoring of Inflation Expectations : Do Inflation Target Formulations Matter?

Grosse Steffen, Christoph - 2023

Inflation target formulations differ across countries and over time. Most widespread are point targets, target ranges, hybrid combinations of the two, or mere definitions of price stability. This paper proposes a novel empirical measure of expectations anchoring based on the cross-sectional...

Persistent link: https://www.econbiz.de/10014262534

Inflation Surprises in a New Keynesian Economy with a True Consumption Function

Tamborini, Roberto - 2023

The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a prominent role is played by the fall of households'...

Persistent link: https://www.econbiz.de/10014262559

Inflation Targets and the Zero Lower Bound

Budianto, Flora - 2023

Does a higher inflation target for central banks help to reduce the risk of hitting the zero lower bound (ZLB) on nominal interest rates? In the standard New Keynesian model, a higher inflation target changes the price-setting behavior of firms in a substantial way. Specifically, firms become...

Persistent link: https://www.econbiz.de/10014262897

The monetary and macroprudential policy framework in Colombia in the last 30 years: the lessons learnt and the challenges for the future

Gómez Pineda, Javier Guillermo; Murcia Pabón, Andrés; … - 2023

Persistent link: https://www.econbiz.de/10014289171

Monetary policy transmission, bank market power, and wholesale funding reliance

Enkhbold, Amina - 2023 - Last updated: June 12, 2023

I study the impact of banking market concentration and wholesale funding reliance on the transmission of monetary policy shocks to mortgage rates. I empirically demonstrate that in the United States, banks with higher reliance on wholesale funding in concentrated (competitive) deposit markets...

Persistent link: https://www.econbiz.de/10014293351

Should inequality factor into central banks' decisions?

Hansen, Niels-Jakob Harbo; Lin, Alessandro; Mano, Rui - 2023

Persistent link: https://www.econbiz.de/10014293877

Time-varying parameters in monetary policy rules : a GMM approach

Anderl, Christina; Caporale, Guglielmo Maria - 2023

Moments (TVP-GMM) framework. Using monthly data until December 2022 for five inflation targeting countries (the UK, Canada … of countries over time. In particular, there has been a clear shift in inflation targeting countries towards a more … economy in recent years. It also appears that inflation targeting countries pay greater attention to the exchange rate pass …

Persistent link: https://www.econbiz.de/10014284714

Predictive abilities of inflation expectations and implications on monetary policy in Korea

Cho, Dongchul; Oh, Wankeun - In: The Korean economic review 39 (2023) 1, pp. 257-276

Persistent link: https://www.econbiz.de/10014285529