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Forecasting ECB policy rates with different monetary policy rules

Belke, Ansgar; Klose, Jens - 2019

their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …

Persistent link: https://www.econbiz.de/10012034314

Forecasting ECB policy rates with different monetary policy rules

Belke, Ansgar; Klose, Jens - 2019

their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …

Persistent link: https://www.econbiz.de/10012063951

Forecasting euro area inflation using targeted predictors : is money coming back?

Falagiarda, Matteo; Sousa, João - 2017

relative to other predictors generally improving in the post-2012 period. An out-of-sample forecasting exercise indicates that …, when monetary and credit aggregates are loaded directly in the forecasting equation, the additional gains over the … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …

Persistent link: https://www.econbiz.de/10011637074

Do inflation targets anchor inflation expectations?

Pierdzioch, Christian; Rülke, Jan-Christoph - In: Economic Modelling 35 (2013) C, pp. 214-223

We suggest a simple test of whether an inflation target anchors private-sector inflation expectations. The test is easy to compute and it is robust to various sources of misspecification. The test may be a useful alternative to dispersion measures commonly studied in research on inflation...

Persistent link: https://www.econbiz.de/10011048836

Inflation expectations and their role in Eurosystem forecasting

2021

) exploring the role that measures of expectations can play in forecasting inflation. While it is households' and firms' inflation … can play in forecasting inflation, this paper finds that they are indicative for future inflationary developments. When it … bring forecast gains when included in forecasting models and can also inform scenario and risk analysis in projection …

Persistent link: https://www.econbiz.de/10012626673

Towards full-fledged inflation targeting monetary policy regime in Mauritius

Madhou, Ashwin; Sewak, Tayushma; Moosa, Imad A.; … - In: Journal of risk and financial management : JRFM 14 (2021) 3/126, pp. 1-18

the current monetary policy framework and the challenges in transitioning towards FFIT. Given that forecasting is central … to FFIT, we develop a practical model-based forecasting and policy analysis system (FPAS) to support transition to FFIT …

Persistent link: https://www.econbiz.de/10012486242

Inflation targeting makes the difference: Novel evidence on inflation stabilization

Bleich, Dirk; Fendel, Ralf; Rülke, Jan-Christoph - In: Journal of International Money and Finance 31 (2012) 5, pp. 1092-1105

Though Svensson (1997, 2003) provides theoretical evidence that the introduction of inflation targeting is consistent with an inflation stabilizing monetary policy, empirical evidence that the introduction of inflation targeting actually changes central bank’s behavior is still missing. This...

Persistent link: https://www.econbiz.de/10011048517

Macroprudential Policy and Bank Systemic Risk : Does Inflation Targeting Matter?

Belkhir, Mohamed; Ben Naceur, Sami; Candelon, Bertrand; … - 2023

This paper investigates macroprudential policy effects on bank systemic risk and the role of inflation targeting in such effects. Using bank-level data for 45 countries comprising various monetary and exchange rate regimes, our regime-dependent dynamic panel regression results point to...

Persistent link: https://www.econbiz.de/10014354108

Just Do it? An Assessment of Inflation Targeting in a Global Comparative Case Study

Duncan, Roberto; Martínez-García, Enrique; Toledo, … - 2022

This paper proposes new measures of the effectiveness of inflation targeting (IT) and evaluates its main drivers in a (large) sample of advanced economies (AEs) and emerging market and developing economies (EMDEs). Using synthetic control methods, we find that IT has heterogeneous effects on...

Persistent link: https://www.econbiz.de/10014238532

Examining the Success of the Central Banks in Inflation Targeting Countries: The Dynamics of Inflation Gap and the Institutional Characteristics

Ardakani, Omid; Kishor, N. Kundan - Volkswirtschaftliche Fakultät, … - 2014

This paper analyzes the performance of central banks in 27 inflation targeting countries by examining their success in achieving their explicit inflation targets. For this purpose, we decompose the inflation gap, the difference between actual inflation and inflation target, into predictable and...

Persistent link: https://www.econbiz.de/10011113487