Similar Search Results

Examining the Success of the Central Banks in Inflation Targeting Countries : The Dynamics of Inflation Gap and the Institutional Characteristics

M. Ardakani, Omid - 2016

This paper analyzes the performance of central banks in 27 inflation targeting countries by examining their success in achieving their explicit inflation targets. For this purpose, we decompose the inflation gap, the difference between actual inflation and inflation target, into predictable and...

Persistent link: https://www.econbiz.de/10013005965

Monetary and fiscal policy in monetary union under the zero lower bound constraint

Flotho, Stefanie - 2012

This paper explicitly models strategic interaction between two independent national fiscal authorities and a single central bank in a simple New Keynesian model of a monetary union. Monetary policy is constrained by the zero lower bound on nominal interest rates. Coordination of fiscal policies...

Persistent link: https://www.econbiz.de/10010325141

Monetary and Fiscal Policy in a Monetary Union under the Zero Lower Bound constraint

Flotho, Stefanie - Wirtschaftswissenschaftliche Fakultät, … - 2012

Persistent link: https://www.econbiz.de/10010602243

Fiscal Dominance in Sub-Saharan Africa Revisited

Hooley, John; Nguyen, Lam; Saito, Mika; Nikaein … - 2021

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...

Persistent link: https://www.econbiz.de/10013243067

How do inflation expectations form? New insights from a high-frequency survey

Galati, Gabriele; Heemeijer, Peter; Moessner, Richhild - de Nederlandsche Bank - 2011

We provide new insights on the formation of inflation expectations - in particular at a time of great financial and … answered a weekly questionnaire about their short-, medium- and long-term inflation expectations. Participants received common …. First, our evidence is consistent with long-term expectations having remained well anchored to the ECB's definition of price …

Persistent link: https://www.econbiz.de/10008861749

Disagreement among Forecasters in G7 Countries

Dovern, Jonas - 2012

contribute to anchoring of expectations about nominal variables; its effects on disagreement about real variables are moderate …

Persistent link: https://www.econbiz.de/10013116851

Disagreement among forecasters in G7 countries

Dovern, Jonas; Fritsche, Ulrich; Slacalek, Jirka - 2009

. -- Disagreement ; survey expectations ; monetary policy ; forecasting … contribute to anchoring of expectations about nominal variables; its effects on disagreement about real variables are moderate …

Persistent link: https://www.econbiz.de/10003963738

The European Central Bank and Why Things are the Way They Are : A Historic Monetary Policy Pivot Point and Moment of (Relative) Clarity

Dubois, Robert - 2012

Not since the Great Depression have monetary policy matters and institutions weighed so heavily in commercial, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else has counted for little more than noise on a relative...

Persistent link: https://www.econbiz.de/10013109818

The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity

Dubois, Robert - 2012

Persistent link: https://www.econbiz.de/10009503821

Macroeconomic Policy and Economic Performance

DeLima, Pedro J. F. - 2003

evidence that these changes have helped in terms of better anchoring inflation expectations. At the same time there is no firm …

Persistent link: https://www.econbiz.de/10012444501