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Orphanides, Athanasios; Wieland, Volker - 2012

The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document … simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 …

Persistent link: https://www.econbiz.de/10010392194

Complexity and monetary policy

Orphanides, Athanasios; Wieland, Volker - 2012

Persistent link: https://www.econbiz.de/10010311797

Monetary Policy Lessons from the Crisis

Orphanides, Athanasios - Central Bank of Cyprus - 2010

ECB? How activist should a central bank be in tackling perceived asset price misalignments? Does the ECB's monetary …

Persistent link: https://www.econbiz.de/10008587614

Monetary policy between stability and growth

Fabris, Nikola - In: Journal of central banking theory and practice 13 (2024) 1, pp. 27-42

turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and …

Persistent link: https://www.econbiz.de/10014496247

Monetary policy between stability and growth

Fabris, Nikola - In: Journal of Central Banking Theory and Practice 13 (2024) 1, pp. 27-42

turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and …

Persistent link: https://www.econbiz.de/10014558486

Greenspan’s Legacy and Bernanke’s attitude to the Financial Crisis

Ryan, John; Koronowski, Adam - Dipartimento di Economia, Università Ca' Foscari Venezia - 2009

The Federal Reserve System or the Fed is one of the most prestigious institutions in the world. Founded by the Federal Reserve Act in 1913, the Fed has the responsibility of setting the monetary policy of the U.S. The Fed’s actions affect the money supply in the U.S. market which has a direct...

Persistent link: https://www.econbiz.de/10008490708

Greenspan’s Legacy and Bernanke’s Attitude to the Financial Crisis

Ryan, John; Koronowski, Adam - 2009

Persistent link: https://www.econbiz.de/10014203722

Nonconventional Monetary Policy in a Regime-Switching Model with Endogenous Financial Crises

Barreto, Leonardo - 2018

This paper develops a regime-switching newkeynesian model for a small open economy, with an occasionally binding financial friction that allows for endogenous financial crises. The model has two regimes: a regime for normal economic times, in which financial market access is unconstrained, and a...

Persistent link: https://www.econbiz.de/10012914555

Has the Global Financial Crisis Shaken the New Monetary Consensus? - A Synthetic View

Pilkington, Marc - 2012

The 2007-2010 Global Financial Crisis has reshuffled the cards for central bankers throughout the world. In the wake of the biggest crisis since the Great Depression, we examine the evolution of modern central banking since the inflationary chaos of the 1970s and the controversial monetarist...

Persistent link: https://www.econbiz.de/10013115864

Asset Price Bubbles and Central Bank Policies : The Crash of the 'Jackson Hole Consensus'

Malliaris, A. (Tassos) G. - 2011

This paper reexamines the main arguments of whether or not monetary policy should respond to asset bubbles. The question of how the central bank should respond to an asset bubble can be reformulated in two ways. First, how does the central bank respond while an asset bubble is growing, and...

Persistent link: https://www.econbiz.de/10013119617