Showing 1 - 10 of 24,230
Persistent link: https://www.econbiz.de/10013261171
This paper studies the relative performance of alternative monetary policy rules in the presence of oil price shocks in a small open economy optimizing model. Our analysis shows that it is important to distinguish between alternative price indices (CPI, core CPI, and GDP deflator) when modeling...
Persistent link: https://www.econbiz.de/10011474645
Persistent link: https://www.econbiz.de/10011421689
This paper investigates the performance of various monetary rules in an open economy with incomplete exchange rate pass-through. Implementing monetary policy through an exchange rate augmented policy rule does not improve social welfare compared to using an optimized Taylor rule, irrespective of...
Persistent link: https://www.econbiz.de/10011583794
Persistent link: https://www.econbiz.de/10015049341
Persistent link: https://www.econbiz.de/10002185919
Persistent link: https://www.econbiz.de/10014533490
Persistent link: https://www.econbiz.de/10014461260
Riksbank and the European Central Bank (ECB) on bond risk premia in the Swedish government bond market. Using a novel arbitrage …-free dynamic term structure model of nominal and real bond prices that accounts for bondspecific safety premia, we find that … Sveriges Riksbank's bond purchases raised inflation and short-rate expectations, lowered nominal and real term premia and …
Persistent link: https://www.econbiz.de/10014517711
Persistent link: https://www.econbiz.de/10012664124