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Maintaining Low Inflation: Money, Interest Rates, and Policy Stance

Reynard, Samuel - Schweizerische Nationalbank (SNB) - 2007

part of the monetary policy transmission process. The analysis also sheds light on the recent change in inflation …

Persistent link: https://www.econbiz.de/10008925034

Maintaining low inflation: money, interest rates, and policy stance

Reynard, Samuel - 2007

This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro … qualitative and quantitative information on subsequent inflation. The usefulness of monetary analysis is contrasted to weaknesses … in modeling monetary policy and inflation with respectively short-term interest rates and real activity measures. The …

Persistent link: https://www.econbiz.de/10011604802

Money and inflation in Switzerland

Kugler, Peter; Reynard, Samuel - In: Swiss Journal of Economics and Statistics 158 (2022) 1, pp. 1-13

, have been followed by persistently higher inflation and output with the usual monetary policy transmission lags. Money and …This paper characterizes the relationship between monetary aggregates, inflation and economic activity in Switzerland … exchange rate fluctuations can explain the major inflation developments in Switzerland over the past four decades. …

Persistent link: https://www.econbiz.de/10013205818

Money and inflation in Switzerland

Kugler, Peter; Reynard, Samuel - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-13

Persistent link: https://www.econbiz.de/10012793487

Maintaining low inflation: money, interest rates, and policy stance

Reynard, Samuel - European Central Bank - 2007

Persistent link: https://www.econbiz.de/10005530771

Optimal interest rate rules and inflation stabilization versus price-level stabilization

Giannoni, Marc Paolo - 2012

This paper compares the properties of interest rate rules such as simple Taylor rules and rules that respond to price-level fluctuations - called Wicksellian rules - in a basic forward-looking model. By introducing appropriate history dependence in policy, Wicksellian rules perform better than...

Persistent link: https://www.econbiz.de/10009522769

Optimal Interest Rate Rules and Inflation Stabilization versus Price-Level Stabilization

Giannoni, Marc Paolo - 2012

This paper compares the properties of interest rate rules such as simple Taylor rules and rules that respond to price-level fluctuations — called Wicksellian rules — in a basic forward-looking model. By introducing appropriate history dependence in policy, Wicksellian rules perform better...

Persistent link: https://www.econbiz.de/10013110962

New estimates of overseas U.S. currency holdings, the Underground economy and the "Tax Gap"

Feige, Edgar L. - Volkswirtschaftliche Fakultät, … - 2009

determine their ability to predict fluctuations in real output and prices. The domestic currency figures are then used to …

Persistent link: https://www.econbiz.de/10008497643

Assessing Potential Inflation Consequences of QE after Financial Crises

Reynard, Samuel - Peter G. Peterson Institute for International Economics … - 2012

Financial crises have been followed by different inflation paths which are related to monetary policy and money … relationship between money and subsequent inflation developments has remained stable and similar in crisis and normal times. This … analysis can explain why the financial crisis in Argentina in the early 2000s was followed by increasing inflation, whereas …

Persistent link: https://www.econbiz.de/10010616168

Central bank misperceptions and the role of money in interest rate rules

Beck, Günter W.; Wieland, Volker - 2008

Persistent link: https://www.econbiz.de/10003770810