Inflation target
The Public Debt’s Dedollarization Effect in an Inflation Target Economy: A Theoretical Approach
... A decrease of the wealth of the private sector provokes a reduction in the consumption, contracting the ag- gregated demand, which for its turn can leave the companies inhibited in expanding their investments if the ex- ...
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Inflation Target Transparency and the Macroeconomy
... bank’s inflation target moves with actual inflation, but the target is unobservable to the private sector, and private agents use a signal extraction methodology to estimate the current ...
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Macrofoundations for A (Near) 2% Inflation Target
... long-term inflation target near 2% is optimal (Summers, 1991; Fischer, 1996; Goodfriend, 2002; Coenen et ...positive inflation rate is ideal to avoid a deflationary trap, not explaining why the ...
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Out of reach? Convergence to an inflation target in the Central Bank of Iceland's macroeconomic model
... hand, inflation beyond the inflation target, which has a weight of ...in inflation and demand. If the economy is in equilibrium, i.e. inflation is equal to the inflation ...
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Is South Africa's inflation target too persistent for monetary policy conduct?
... formal inflation targeting regime. The pre -announced inflation-target was set at a range of between 3 to 6 percent and this target was to be first met in ...the inflation targeting ...
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Rethinking the current inflation target range in South Africa
... that inflation targeting derives its justification from the theory of natural rate (Bernanke, et ...optimal target for inflation rate should be set by taking into account the level of natural rate of ...
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The Federal Reserve’s implicit inflation target and Macroeconomic dynamics A SVAR analysis
... than that of the short-rate, the magnitude of the two responses is very similar at long horizons. In order to check the robustness of these results to the measure of long-horizon in‡ation expec- tations, we re-estimate ...
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The Inflation Target at the Zero Lower Bound
... in‡ation target postpones the date of exit from the ZLB, compared with optimal discretion, and creates the expectation that exit will occur with positive values for in‡ation and the output ...
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Interest Rate Rigidity and the Fisher Equation
... model’s inflation responds to interest rate changes (both nominal and real) by mov- ing in the opposite ...credit-conditions-driven inflation, which I be- lieve is more realistic than competing models of ...
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What are monetary policy shocks?
... in inflation may be attributed to the time-varying inflation target during the Great Inflation, suggesting a novel channel to interpret bad monetary policy, extending the findings presented in ...
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Policy evaluation with macroeconometric models
... Chapter 2 is basedon the joint paper by Ken Wallis and myself 'Inflation Target Bands and the Bank of England's 'Fairly Substantial Lump of Inflation Uncertainty", ESRC Macroeconomic Mod[r] ...
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Explaining the post crisis Philips curve: Cumulated wage gap matters for inflation CEPS Working Document No 2018/05, June 2018
... on inflation popped up when inflation numbers for Romania began to look odd: after years of undershooting the inflation target, including negative inflation rates, the inflation ...
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Impact of inflatıon gap to nomınal interest rates: case of Turkey
... and inflation gap fro m target which is log consumer price index minus the log of the target inflation rate (Mishkin, 2001), and the macroeconomic variables by estimating a system of ...
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Is inflation targeting preferred by Filipinos?
... to inflation targeting was made in January 2000, but its implementation started in January ...Philippine inflation targeting, pointing out that the issue lies not in the determination of the target , ...
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The Effects of Credibility on Interest Rates in Turkey
... of inflation targeting is to create an environment where inflation expectations converge to inflation ...the inflation expectations in inflation targeting ...adopted inflation ...
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The Impossible Trinity on Steroids: Inflation Targeting and Exchange Rate Management in Emerging Countries
... ITRs cum floating exchanges rates have become the new policy paradigm recommended to DECs following the devastating financial crises of the late 1990s/early 2000s. Floating exchange rates were thought to adjust ...
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Is Nigeria Ready for Inflation Targeting?
... 1990s, inflation targeting (IT) has become a popular choice of monetary policy regime, with more than 20 countries - both developed and emerging market economies that now adhere to IT ...well-defined ...
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Did the Bundesbank target monetary expansion or inflation? Evidence from monetary base growth
... successful inflation fighters of the world, not a monetary targeter after all? Did it pursue an infla- tion target instead? The issue is not whether the Bundesbank had an inflation ...monetary ...
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Reaction Function Model of Monetary Policy under Inflation Targeting Framework in Indonesia
... achieving inflation target through utilizing five pillars policy mix related the study, as follows consistent monetary policy to achieve inflation target, exchange rate policy to control ...
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Does Central Bank Credibility Effectively Influence the Economy? A Recent Japanese Case
... the inflation target when forming their inflation ...the target, central banks are esteemed to be ...between inflation expectations of the private sector and the inflation ...the ...
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