Inflation targeting has been widely adopted in Latin America. In this paper, we show evidence consistent with major beneficial effects from so doing, with falling term premia and anchored policy rate expectations. To do this we construct term premia estimates using the method suggested by Adrian...

Inflation targeting has been widely adopted in Latin America. In this paper, we show evidence consistent with major beneficial effects from so doing, with falling term premia and anchored policy rate expectations. To do this we construct term premia estimates using the method suggested by Adrian...

It has been argued that credit-to-GDP gaps (credit gap) are useful early warning indicators for banking crises. In addition, the Basel Committee on Banking Supervision has also advocated using these gaps - estimated using a one-sided Hodrick-Prescott filter with a smoothing parameter of 400,000...

With some 19 million people out of work, unemployment has become one of the biggest problems facing the EU today. Over the last decade, job creation has been unable to keep up with the increasing size of the active population, leading to a trend of rising unemployment rates for many EU member...

With some 19 million people out of work, unemployment has become one of the biggest problems facing the EU today. Over the last decade, job creation has been unable to keep up with the increasing size of the active population, leading to a trend of rising unemployment rates for many EU member...

Inflation targeting has been widely adopted in Latin America. In this paper, we show evidence consistent with major beneficial effects from so doing, with falling term premia and anchored policy rate expectations. To do this we construct term premia estimates using the method suggested by Adrian...

It has been argued that credit-to-GDP gaps (credit gap) are useful early warning indicators for banking crises. In addition, the Basel Committee on Banking Supervision has also advocated using these gaps - estimated using a one-sided Hodrick-Prescott filter with a smoothing parameter of 400,000...

The second annual Chief Economist Workshop, organized by the Bank of England's Centre for Central Banking Studies (CCBS), brought together economists from more than 30 central banks. It was part of CCBS's program of events to provide a forum for central bankers and academics to exchange views on...