Conclusion: Performance, credibility, and knowledge in monetary
In search of power and credibility: essays on Chinese monetary history (1851 1945)
... limited knowledge of modern monetary and fiscal systems, the early measures of reform were far from well-designed, nor were they carefully executed over the whole ...The monetary policies introduced ...
244
Robust monetary policy with imperfect knowledge
... 10 Conclusion In an environment of imperfect knowledge regarding the potential for structural change in the economy and the formation of expectations, the scope for stabilization of the real side of our ...
56
Robust monetary policy with imperfect knowledge
... 10 Conclusion In an environment of imperfect knowledge regarding the potential for structural change in the economy and the formation of expectations, the scope for stabilization of the real side of our ...
49
Credibility in Monetary Policy
... is credibility so important to central bankers?” (2) “How can a central bank create or enhance credibility?” In brief, the responses to his survey highlighted the fact that central bankers and economists ...
15
Reputation, credibility and monetary policy effectiveness
... economic performance as a whole; because to keep this (New Classical) reputation monetary authorities must follow the rule which jeopardize the economic ...successful monetary policy must take into ...
26
Credibility and monetary policy under inflation targeting
... a monetary policy analysis framework and not as a simple rule for action on ...of monetary authorities to pursue other secondary objectives such as stability of economic activity, the stability of the ...
14
Improving Policy Credibility: Is There a Case for African Monetary Unions?
... Rand Monetary Areas countries presented in Table 7 shows their relatively good inflation and fiscal ...good performance resulted from the relative independence of monetary policy in South Africa, due ...
31
Monetary policy and inflationary shocks under imperfect credibility
... when monetary policy operates under imperfect credibility and weak anchoring of long-term ...imperfect knowledge configuration where price and wage setters wrongly doubt about the determination of ...
21
Central Bank Credibility and Income Velocity in a Monetary Union
... European Monetary Union since its ...fighting credibility. This credibility gain variable, which is derived in this paper, is based on the ECB’s performance in maintaining price stability ...
16
Negotiating credibility: Britain and the International Monetary Fund 1956–1976
... Conditionality became markedly more exacting from the mid- 1960 s, the Labour government’s period in office being accompanied by a significant shift in relations with the IMF. Standby arrangements between 1964 and 1969 ...
23
Negotiating credibility: Britain and the International Monetary Fund 1956–1976
... Conditionality became markedly more exacting from the mid-1960s, the Labour government’s period in office being accompanied by a significant shift in relations with the IMF. Standby arrangements between 1964 and 1969 saw ...
23
The Effects of Transmission Uncertainty on the Flexibility-Credibility Tradeoff in Monetary Policy
... one conclusion can be readily drawn. The creation of the monetary union may have, plausibly, introduced transmission uncertainty, even if none existed in the individual member countries prior to creation of ...
37
Monetary Policy, Credibility and Asymmetries : Small African Countries and the EMU Advent
... the monetary integration process has been boosted in ...inflation performance as a representative structural pattern because of its importance for the CFA ...ECOWAS monetary union ...
23
Predictability of future economic growth and the credibility of monetary regimes in Germany, 1870 2003
... 4. Conclusion During the Classical Gold Standard, a simple AR(1) process clearly outperforms predictions based on ...the monetary regime during the ...higher credibility compared to a free- floating ...
9
Real Return Bonds: Monetary Policy Credibility and Short-Term Inflation Forecasting
... In Canada, RRB s are issued only with long maturities, and thus, the relatively short span of RRB history does not permit a comparison of the BEIR with the realized average rate of inflation over a 30-year horizon. Yet ...
12
CARD: Credibility assessment model for the Google Knowledge Graph Card
... complete credibility assessment ...The conclusion from this prototype was that triangulation can help form opinions by searchers when the tool does not only check facts but also gives information from ...
13
Credibility and Monetary Policy
... in credibility for the cen- tral ...the credibility of monetary policy was rather ...for monetary policy, and this would have been reflected in the yield ...the credibility of Canadian ...
8
Credibility and Monetary Policy
... In the simplest version of the Barro—Gordon (1983b) model, the monetary authority's objective function is increasing in the current inflation or monetary surprise, but decreasing in the [r] ...
44
The credibility of the monetary policy "free lunch"
... Imperfect Credibility The base result outlined in section 2 assumes that agents form rational expectations that condition on the true central bank ...perfect credibility. While there is some evidence that ...
30
The interaction of fiscal and monetary policy in a monetary union: Balancing credibility and flexibility
... national monetary policies, the optimally designed central bank is more conservative in that it attaches a higher priority to price ...Whereas monetary unification thus reduces both expected inflation and ...
30