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The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …
Persistent link: https://www.econbiz.de/10012843500
Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …
Persistent link: https://www.econbiz.de/10015210370
Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of strict …
Persistent link: https://www.econbiz.de/10014043617
This paper sets out to examine the effects of Additional Monetary Tightening (AMT) on exchange rate volatility in Nigeria during the period 2007 - 2016. Using a pseudo-events study approach, the paper identified all the episodes of AMT during the period, and constructed a dummy variable as the...
Persistent link: https://www.econbiz.de/10012966833
Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of strict …
Persistent link: https://www.econbiz.de/10013124593
, we explore the possibility that term premiums affect inflation and the real economy via exchange rate dynamics. For this … Japanese inflation rates via exchange rate dynamics …
Persistent link: https://www.econbiz.de/10012869821
Exchange Rate is one of the most important factor for any economic growth of any country, it has direct effect on international trade. The present study investigates the impact of macroeconomic factors (Current Account Deficit (CAD), Import, Export and Purchasing Power Parity (PPP)) on Exchange...
Persistent link: https://www.econbiz.de/10012931463
The novelty of this work is in the presentation of a theoretical framework that allows the modeling of an announced switch of the monetary regime. In our experiment, the monetary authority announces stabilization of the nominal exchange rate after the announced number of periods. We analyze the...
Persistent link: https://www.econbiz.de/10013095584
This paper analyzes the effects of legal central bank independence (CBI) on inflation volatility in developing … countries. We discuss why CBI should curb inflation volatility, independently from its effect via lowering inflation levels … the endogeneity of CBI and inflation. Our results are robust to alternative measurements of the main variables, different …
Persistent link: https://www.econbiz.de/10014344441