Search Results - subject:"Inflation Targeting"

Would Households Understand Average Inflation Targeting?

Hoffmann, Mathias; Pavlova, Lora; Mönch, Emanuel; … - 2022

average inflation targeting (AIT). Inflation expectations significantly increase for the treated individuals. When provided …

Persistent link: https://www.econbiz.de/10014081149

Monetary Policy of the Developing Countries : The Case of the Philippines

Otoman, Valeriano; Garcia-Vigonte, Florinda - 2022

further widening of the inflation targeting, monetary policy has increasingly adopted the interest rate as an instrument and …

Persistent link: https://www.econbiz.de/10014083215

Implications for Determinacy with Average Inflation Targeting

Ahmad, Yamin S.; Murray, James - 2022

policy with average inflation targeting and investigate the conditions for determinacy. A unique equilibrium rules out …

Persistent link: https://www.econbiz.de/10014084367

The Problems of Inflation Targeting Originate in The Monetary Theory of Knut Wicksell

Jonung, Lars - 2022

The theoretical foundation of inflation targeting was laid out by the Swedish economist Knut Wicksell (1851-1926) in … as the rule for monetary policy. Today, inflation targeting is considered the best-practice approach to monetary policy …, inflation targeting has recently been the subject of several objections. Most prominently, the focus on consumer price stability …

Persistent link: https://www.econbiz.de/10014084681

Monetary policy and determinacy : an inquiry in open economy new Keynesian framework

Barnett, William A.; Eryilmaz, Unal - 2022

Persistent link: https://www.econbiz.de/10012888232

Expectations and the Neutrality of Interest Rates

Cochrane, John H. - 2022

Lucas (1972) is the pathbreaking analysis of the neutrality and temporary non-neutrality of money. But our central banks set interest rate targets, and do not even pretend to control money supplies. How is inflation determined under an interest rate target? We finally have a complete theory of...

Persistent link: https://www.econbiz.de/10014030012

Optimal trend inflation, misallocation and the pass-through of labour costs to prices

Santoro, Sergio; Viviano, Eliana - 2022

We show that a sticky price model featuring firms' heterogeneity in terms of productivity and strategic complementarities in price setting delivers a strictly positive optimal inflation in steady state, differently from standard New Keynesian models. Due to strategic complementarities, more...

Persistent link: https://www.econbiz.de/10013486007

Monetary Policy and Endogenous Financial Crises

Boissay, Frédéric; Collard, Fabrice; Galí, Jordi; … - 2022

reduce the probability of a crisis and increase welfare by departing from strict inflation targeting and responding …

Persistent link: https://www.econbiz.de/10013492381

The Announcement Effect of Monetary Policy

Lai, Show-Yen; Su, Ko-Lun; Su, Yu-Wei - 2022

This paper investigates the impact of the European Central Bank and the Fed monetary policy announcements on perceptions of yield spreads in six corporate bonds markets greatly affected by the COVID-19 pandemic. These results highlight that announcement effect on corporate bond markets differed...

Persistent link: https://www.econbiz.de/10013492594

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...

Persistent link: https://www.econbiz.de/10014235861