Search Results - subject:"Inflation targeting"

Understanding and Predicting Monetary Policy Framework Choice

Sullivan, Megan - 2024

This paper investigates the determinants of countries' choice of monetary policy frameworks (MPF) for emerging and developing countries. Countries make different MPF choices and we think it is because they have different country-level characteristics (e.g. democratic strength and trade...

Persistent link: https://www.econbiz.de/10014446693

Finding new objectives, seeking new instruments

Cobham, David - 2024

This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...

Persistent link: https://www.econbiz.de/10014450407

Central bank digital currency: When price and bank stability collide

Fernández-Villaverde, Jesús; Schilling, Linda; Uhlig, … - 2024

This paper shows the existence of a central bank trilemma. When a central bank is involved in financial intermediation, either directly through a central bank digital currency (CBDC) or indirectly through other policy instruments, it can only achieve at most two of three objectives: a socially...

Persistent link: https://www.econbiz.de/10014543674

Monetary policy in Sweden after the end of Bretton Woods

Bylund, Emma; Iversen, Jens; Vredin, Anders - 2024

rate regime (1973 - 1992) and the inflation targeting regime (1993 - 2022). Inflation in Sweden has been more stable under … the inflation targeting regime than under both the Bretton Woods system, and the pegged-but-adjustable exchange rate … regime. GDP growth was higher and more stable during the Bretton Woods System. We argue that inflation targeting was …

Persistent link: https://www.econbiz.de/10014563891

Inflation and income distribution in Brazil from a Kaleckian perspective

Rolim, Lilian - In: European Journal of Economics and Economic Policies: … 21 (2024) 2, pp. 279-308

This article shows that income inequality and inflation in Brazil are multidimensional phenomena linked to the unemployment rate and to the foreign sector. Consequently, the relationship between inflation and income distribution depends on the source of inflationary pressures, as evident in the...

Persistent link: https://www.econbiz.de/10015077195

Understanding and predicting monetary policy framework choice in developing countries

Sullivan, Megan - In: Economic modelling 139 (2024), pp. 1-20

Persistent link: https://www.econbiz.de/10015189521

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

Persistent link: https://www.econbiz.de/10015191468

Monetary policy frameworks since Bretton Woods, across the world and its regions

Cobham, David P. - In: Review of world economics 160 (2024) 3, pp. 873-903

Persistent link: https://www.econbiz.de/10015193632

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

Anderl, Christina; Caporale, Guglielmo Maria - In: Journal of economic studies 51 (2024) 9, pp. 148-176

Persistent link: https://www.econbiz.de/10015198626

Taylor rules with endogenous regimes

Aastveit, Knut Are; Cross, Jamie; Furlanetto, Francesco; … - 2024

The Fed's policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to 2021. Instead of exogenously partitioning the data based on tenures of the...

Persistent link: https://www.econbiz.de/10015179424