Showing 1 - 10 of 296
The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary …
Persistent link: https://www.econbiz.de/10011529234
The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary …
Persistent link: https://www.econbiz.de/10015336563
In this paper we embed the Taylor interest rate rule in a simple macroeconomic model with Calvo contracts. We contrast this with the case in which the interest rate is determined by the conventional LM curve along with a fixed value for the monetary aggregate. We derive conditions under which...
Persistent link: https://www.econbiz.de/10009461225
, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …
Persistent link: https://www.econbiz.de/10009433297
contribution of economic growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production on … secondary data which are obtained from the economic growth, inflation, exchange rates, SBI rates, international oil prices and … growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production at lag t-1. By using …
Persistent link: https://www.econbiz.de/10009464681
exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the … forecasting inflation. …
Persistent link: https://www.econbiz.de/10012523788
Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …
Persistent link: https://www.econbiz.de/10009480479
sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …
Persistent link: https://www.econbiz.de/10009480481
Mexico’s annual growth since 1979 (with structural breaks in some of these effects due to liberalization or NAFTA). Both …
Persistent link: https://www.econbiz.de/10009467774
correlation between output and inflation appears to be positive and the response of our model economy to a shock is persistent …
Persistent link: https://www.econbiz.de/10009464972