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Inflation volatility in small and large advanced open economies
Mozzanica, Mirco Balatti - 2020
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often overlooked in the literature. This paper compares in ation volatility among advanced open economies with in ation targeting monetary policy frameworks. The results of the empirical...
Persistent link: https://www.econbiz.de/10012422110
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Inflation volatility in small and large advanced open economies
Mozzanica, Mirco Balatti - 2020
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often overlooked in the literature. This paper compares in ation volatility among advanced open economies with in ation targeting monetary policy frameworks. The results of the empirical...
Persistent link: https://www.econbiz.de/10012249671
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Understanding inflation in emerging and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...
Persistent link: https://www.econbiz.de/10011980872
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Inflation-Forecast Targeting for India : An Outline of the Analytical Framework
Beneš, Jaromír - 2017
India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other...
Persistent link: https://www.econbiz.de/10012960575
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Inflation targets regime and global financial cycle : an assessment for the Brazilian economy
Araujo, Elisangela Luzia; Araújo, Eliane; Fonseca, … - In: PSL quarterly review 73 (2020) 292, pp. 27-49
In light of the global financial cycle (GFC), this paper investigates the effectiveness of monetary policy in Brazil since the adoption of the inflation targeting regime. The theoretical section analyses monetary policy from the New Macroeconomic Consensus perspective, emphasizing the...
Persistent link: https://www.econbiz.de/10012288210
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The first practical guide to inflation targeting
Jonung, Lars - 2023
When Sweden left the gold standard on September 27, 1931, the Swedish government declared that the aim of monetary policy should be to stabilize the domestic purchasing power of the Swedish currency, the krona. With this step, price level targeting officially became for the first time the goal...
Persistent link: https://www.econbiz.de/10014551682
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The Problems of Inflation Targeting Originate in the Monetary Theory of Knut Wicksell
Jonung, Lars - 2022
his groundbreaking treatise, Interest and Prices, published originally in German in 1898. Here he proposed price stability … asset prices has led to growing wealth inequality. <p> Why have these problems emerged? This paper provides an answer by … prices is the source of the flaws of the present Wicksellian regime of unlimited finance. The shortcomings of the neo …
Persistent link: https://www.econbiz.de/10013208918
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Metas de inflación ¿qué hay de nuevo bajo el sol?
Ferro, Gustavo - Volkswirtschaftliche Fakultät, … - 2007
Inlfation targeting is a relatively new way to administer the monetary policy, since the velocity of money revealed unstable and hard pegs unsustainable. The new regime is one of flexible exchange rates, and the target of the monetary policy becomes the rate of inflation itself, instead of any...
Persistent link: https://www.econbiz.de/10005105691
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The Problems of Inflation Targeting Originate in The Monetary Theory of Knut Wicksell
Jonung, Lars - 2022
his groundbreaking treatise, Interest and Prices, published originally in German in 1898. Here he proposed price stability … asset prices has led to growing wealth inequality. Why have these problems emerged? This paper provides an answer by … prices is the source of the flaws of the present Wicksellian regime of unlimited finance. The shortcomings of the neo …
Persistent link: https://www.econbiz.de/10014084681
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The first practical guide to inflation targeting
Jonung, Lars - 2023
When Sweden left the gold standard on September 27, 1931, the Swedish government declared that the aim of monetary policy should be to stabilize the domestic purchasing power of the Swedish currency, the krona. With this step, price level targeting officially became for the first time the goal...
Persistent link: https://www.econbiz.de/10014247016