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Exchange rate targeting versus inflation targeting : empirical analysis of the impact on employment and economic growth
Krušković, Borivoje - In: Journal of central banking theory and practice 9 (2020) 2, pp. 67-85
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting) on economic growth and employment. On the panel of 18 countries for the period from 1996 to 2013, I tested the hypothesis that countries in exchange rate targeting have a...
Persistent link: https://www.econbiz.de/10012305750
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What Should Central Banks Target? Evidence on the Impact of Monetary Policy Regimes on Economic Growth
Wong, Kin Ming - 2015
Economists and policy-makers have long sought the ideal framework for monetary policy as it is arguably one of the most important tools for government to influence the economy. Exchange rate and inflation are believed to be the most appealing anchors for providing guidance to the conduct of...
Persistent link: https://www.econbiz.de/10013024911
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Finding new objectives, seeking new instruments
Cobham, David P. - 2024
This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...
Persistent link: https://www.econbiz.de/10014471910
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10011541166
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10001703672
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Inflation Targets Versus International Monetary Integration - a Canadian Perspective
Laidler, David E. W. - 2021
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders, rather than exchange rate regimes, and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and...
Persistent link: https://www.econbiz.de/10013320361
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Monetary Policy Regime Switches and Macroeconomic Dynamics
Foerster, Andrew - 2014
This paper investigates how different monetary policy regime switching types impact macroeconomic dynamics. Policy switches that either affect the inflation target or the response to inflation deviations from target lead to different determinacy regions and different output, inflation, and...
Persistent link: https://www.econbiz.de/10013063307
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Nicht zu früh bremsen!: Der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA
Schettkat, Ronald; Sun, Rongrong - 2009
Neutralität von Geldpolitik wurde diese bei der Suche nach den Ursachen europäischer Arbeitslosigkeit verschont. Tatsächlich … Arbeitsmarktinstitutionen. Wir argumentieren, dass das Zusammenwirken negativer Schocks und einer restriktiven Geldpolitik die wesentliche -wenn … Europa war. Die Bundesbank -Europas 'Zentralbank' vor Etablierung der EZB- hat eine asymmetrische Geldpolitik in dem Sinne …
Persistent link: https://www.econbiz.de/10010291094
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Policy Stability and Economic Growth : Lessons from the Great Recession
Haldane, Andrew G.; Minford, Patrick; Radia, Amar; … - 2021
The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with other similar events in history. During the period before the financial crash and afterwards, monetary policy deviated from the very effeective rules-based approach of the...
Persistent link: https://www.econbiz.de/10013225300
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Nicht zu früh bremsen! : der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA
Schettkat, Ronald; Sun, Rongrong - 2009
Neutralität von Geldpolitik wurde diese bei der Suche nach den Ursachen europäischer Arbeitslosigkeit verschont. Tatsächlich … Arbeitsmarktinstitutionen. Wir argumentieren, dass das Zusammenwirken negativer Schocks und einer restriktiven Geldpolitik die wesentliche –wenn … Europa war. Die Bundesbank –Europas „Zentralbank“ vor Etablierung der EZB- hat eine asymmetrische Geldpolitik in dem Sinne …
Persistent link: https://www.econbiz.de/10003836155