Showing 1 - 10 of 138,977
An apparent disconnect has taken place between inflation and economic activity in the US over the last 25 years, with … price inflation remaining remarkably stable in spite of large fluctuations in the output gap and other measures of economic … unconditional variation in US macro data into the components driven by demand and supply disturbances, and confront the inflation …
Persistent link: https://www.econbiz.de/10014227888
number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …
Persistent link: https://www.econbiz.de/10013460150
number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …
Persistent link: https://www.econbiz.de/10013465053
-based indicators are highly correlated with official inflation data and estimates of the output gap and improve the accuracy of … inflation forecasts. This suggests that these indicators could help central banks foresee inflationary pressures in the economy …
Persistent link: https://www.econbiz.de/10014303896
Inflation targeting makes the Central Bank's conditional inflation forecast the operational target for monetary policy …. Successful inflation targeting requires knowing the transmission mechanisms to inflation from shocks as well as instruments. The … econometric implications are that the exogeneity assumptions of a conditonal forecasting model of inflation are crucial to the …
Persistent link: https://www.econbiz.de/10012143558
Inflation targeting requires inflation forecasts, yet most models in the literature are either theoretical or … forforecasting inflation in Norway–one economy recently opting for formal inflation targeting rather than a managed nominal exchange … estimation of econometric models used for inflation forecasting and policy analysis. …
Persistent link: https://www.econbiz.de/10005764105
We investigate the transmission mechanism of monetary policy in China over the past decades with emphasis on the post-Asian crisis period. A factor-augmented VAR method is used to study the effectiveness of monetary policy instruments in stabilizing the Chinese economy. We find that repo rate,...
Persistent link: https://www.econbiz.de/10010665003
This paper investigates the reaction function of the Chinese central bank, focusing on the variation in money supply as the main instrument for monetary policy. Monthly series are used for the 01/2000-12/2016 timeframe. Results show that the Chinese monetary policy displayed countercyclical...
Persistent link: https://www.econbiz.de/10012927579
prices and negative effects on short- and long-term interest rates, as well as on inflation. Results tend to be similar when …
Persistent link: https://www.econbiz.de/10011621228
structures captured by impulse response functions. Third, the degree of the monetary policy effectiveness of inflation was … mitigated in recent periods but with increased persistence. Lastly, the monetary policy stance towards inflation stabilization … has advanced ever since the inflation targeting scheme was adopted. However, there still seems to be a room for …
Persistent link: https://www.econbiz.de/10012992623