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Establishing credibility: Evolving perceptions of the European Central Bank

Goldberg, Linda S.; Klein, Michael W. - 2005

The perceptions of a central bank’s inflation aversion may reflect institutional structure or, more dynamically, the history of its policy decisions. In this paper, we present a novel empirical framework that uses high-frequency data to test for persistent variation in market perceptions of...

Persistent link: https://www.econbiz.de/10010283437

New Zealand's Exchange Rate Cycles: Impacts and Policy

Mabin, Gemma - 2011

This paper explores the impact of New Zealand's exchange rate variability on the tradable sector, and policy options for dampening exchange rate variability. It finds that exchange rate variability in the medium term is likely to have a negative impact on the tradable sector. However, the link...

Persistent link: https://www.econbiz.de/10012115626

How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches

Fratzscher, Marcel - 2005

The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...

Persistent link: https://www.econbiz.de/10011604574

Foreign exchange intervention (Pro and contra) : pro - the ECB should intervene to support the Euro

Thygesen, Niels - In: CESifo Forum 01 (2000) 3, pp. 24-25

Persistent link: https://www.econbiz.de/10011695628

Foreign exchange intervention (Pro and contra) : contra - there's no point in intervention to support the Euro

Posen, Adam - In: CESifo Forum 01 (2000) 3, pp. 26

Persistent link: https://www.econbiz.de/10011695629

Does monetary policy credibility help in anchoring inflation expectations? Evidence from six inflation targeting emerging economies

Güler, Aslı - In: Journal of Central Banking Theory and Practice 10 (2021) 1, pp. 93-111

extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …

Persistent link: https://www.econbiz.de/10014558525