Similar Search Results

Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Coenen, Günter; Orphanides, Athanasios; Wieland, Volker - 2003

This paper employs stochastic simulations of a small structural rational expectations model to investigate the consequences of the zero bound on nominal interest rates. We ﬁnd that if the economy is subject to stochastic shocks similar in magnitude to those experienced in the U.S. over the...

Persistent link: https://www.econbiz.de/10009635983

A quantitative exploration of the opportunistic approach to disinflation

Aksoy, Yunus; Orphanides, Athanasios; Small, David; … - 2005

Under a conventional policy rule, a central bank adjusts its policy rate linearly according to the gap between … central bank controls inflation aggressively when inflation is far from its target, but concentrates more on output …

Persistent link: https://www.econbiz.de/10010298307

Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Orphanides, Athanasios - 1998

Persistent link: https://www.econbiz.de/10000993205

Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Orphanides, Athanasios; Wieland, Volker - 1998

Persistent link: https://www.econbiz.de/10001350282

Monetary policy evaluation with noisy information

Orphanides, Athanasios - 1998

Persistent link: https://www.econbiz.de/10001352869

Discussion of "Is optimal monetary policy always optimal?"

Orphanides, Athanasios - In: International journal of central banking : IJCB 11 (2015), pp. 385-393

Persistent link: https://www.econbiz.de/10011377196

The quest for prosperity without inflation

Orphanides, Athanasios - 1999

In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that their flexibility may yield substantial stabilization...

Persistent link: https://www.econbiz.de/10011584494

The boundaries of central bank independence : lessons from unconventional times

Orphanides, Athanasios - 2018

Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …What institutional arrangements for an independent central bank with a price stability mandate promote good policy … encourages the central bank to eschew the decisive quantitative easing needed to reflate the economy and instead to accommodate …

Persistent link: https://www.econbiz.de/10011901698

Robust monetary policy rules with unknown natural rates

Orphanides, Athanasios; Williams, John C. - 2003

Persistent link: https://www.econbiz.de/10001759545

Robust monetary policy rules with unknown natural rates

Orphanides, Athanasios; Williams, John C. - In: Brookings papers on economic activity : BPEA (2002) 2, pp. 63-118

Persistent link: https://www.econbiz.de/10001769544