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inflation-targeting central bank

Nominal Income and Inflation Targeting

Nominal Income and Inflation Targeting

... the central banker on money demand shocks; he suggested that the central bank could then be forced, by the legislative approach, to adopt a cooperative solution which is time-consistent, yielding the ...

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The choice of adopting inflation targeting in emerging economies: Do domestic institutions matter?

The choice of adopting inflation targeting in emerging economies: Do domestic institutions matter?

... achieve inflation target, because the central bank would be hesitant to raise short-term interest rates for fear that this will impact the profitability of banks and lead to a collapse of the ...

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Central bank transparency and exchange rate volatility effects on inflation-output volatility

Central bank transparency and exchange rate volatility effects on inflation-output volatility

... between central bank transparency and exchange rate variability with inflation and output variability for 36 countries from 1998 to ...between central bank transparency and ...

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INFLATION TARGETING UNDER IMPERFECT CREDIBILITY BASED ON ARIMBI (Aggregate Rational Inflation - Targeting Model for Bank Indonesia); LESSONS FROM INDONESIAN EXPERIENCE

INFLATION TARGETING UNDER IMPERFECT CREDIBILITY BASED ON ARIMBI (Aggregate Rational Inflation - Targeting Model for Bank Indonesia); LESSONS FROM INDONESIAN EXPERIENCE

... expectation inflation of economic agents is strongly influenced by monetary policy ...faster inflation expectation would anchor to its ...the central bank prefer to attain its inflation ...

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Impact of inflatıon gap to nomınal interest rates: case of Turkey

Impact of inflatıon gap to nomınal interest rates: case of Turkey

... the central bank independence, aiming to cope with inefficiencies and balance of payment difficulties, CBRT became interested in monetary programming as early as 1985, and then announced its first monetary ...

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Assessing the Effectiveness of the Monetary Policy Instrument during the Inflation Targeting Period in South Africa

Assessing the Effectiveness of the Monetary Policy Instrument during the Inflation Targeting Period in South Africa

... that inflation rate first reached the target band in August ...on inflation rate reaching a pick of ...The central bank action combined with the investigation committee, initiated by the ...

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Does Central Bank Credibility Effectively Influence the Economy? A Recent Japanese Case

Does Central Bank Credibility Effectively Influence the Economy? A Recent Japanese Case

... 30 central banks all over the world recently adopted inflation targeting for the conduct of monetary ...of central banks’ goals maintains accountability for the target rate of ...the ...

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From Inflation to Exchange Rate Targeting: Estimating the Stabilization Effects

From Inflation to Exchange Rate Targeting: Estimating the Stabilization Effects

... representative central bank loss function we have estimated an optimized, simple in‡ation targeting rule for the Czech Republic which suggests that the Czech National Bank can improve ...

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

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

... IT central bank wants to gain ...actual inflation may differ from the ...the central banks want to anchor inflationary expectations over medium to ...actual inflation and target may not ...

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Monetary policy and financial stability in the long run : a simple game theoretic approach

Monetary policy and financial stability in the long run : a simple game theoretic approach

... the central bank’s inflation ...the central bank’s tradeo ff between price stability and financial ...the central bank’s tradeoff between price stability and financial fragility in normal ...

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The Relationship between Exchange Rate and Inflation: An Empirical Study of Turkey

The Relationship between Exchange Rate and Inflation: An Empirical Study of Turkey

... higher inflation meaning “higher inflation higher pass- ...“inflation targeting” ...inflation targeting. The results showed that countries with inflation targeting ...

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Modelling Central Bank Intervention Activity under Inflation Targeting

Modelling Central Bank Intervention Activity under Inflation Targeting

... net inflation, as the inflation target of the Czech National Bank (CNB) has been defined in terms of net inflation during the sample ...

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Out of reach? Convergence to an inflation target in the Central Bank of Iceland's macroeconomic model

Out of reach? Convergence to an inflation target in the Central Bank of Iceland's macroeconomic model

... that inflation targeting in Iceland is bound to be an extremely difficult task unless some fundamentals – ...between inflation and output volatilities is considerably less favourable in Iceland than ...

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Inflation expectations, central bank credibility and the global financial crisis

Inflation expectations, central bank credibility and the global financial crisis

... on inflation expectations and central bank ...tion targeting apparently played a significant role in anchoring long-term infla- tion ...break-even inflation rates, derived from the ...

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Inflation Targeting, Capital Mobility and Macroeconomic Stability

Inflation Targeting, Capital Mobility and Macroeconomic Stability

... flexible inflation-targeting regime in an environment with a liberalised capital account and flexible exchange ...respect, inflation targeting is an essential part of a three-part policy (or ...

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Is inflation targeting preferred by Filipinos?

Is inflation targeting preferred by Filipinos?

... use inflation targeting instead of monetary ...Under inflation targeting, the central bank projects a target inflation rate at period t – there is usually an upper and ...

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Taylor rules, central bank preferences and inflation targeting

Taylor rules, central bank preferences and inflation targeting

... the central bank, regardless of whether it is best described by a simple interest rate rule or as a targeting rule derived from a specific objective ...consider central bankers to be as ...

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Forecasting with a Bayesian DSGE Model: An Application to the Euro Area. NBB Working Paper Nr. 60, September 2004

Forecasting with a Bayesian DSGE Model: An Application to the Euro Area. NBB Working Paper Nr. 60, September 2004

... Following our earlier work (Smets and Wouters, 2003a,b), this paper further illustrates how Bayesian DSGE models can become a useful tool for projection and analysis in central banking. Following a brief ...

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A Microfounded Mechanism of Observed Substantial Inflation Persistence

A Microfounded Mechanism of Observed Substantial Inflation Persistence

... the central bank is quite important for inflation ...determines inflation paths is actual ...a central bank, and to develop a comprehensive measure of actual CBI, it is necessary ...

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Money supply growth and inflation – the monetary policy strategy of the European Central Bank

Money supply growth and inflation – the monetary policy strategy of the European Central Bank

... The macroeconomic theory states, that when the growth of money supply results in the situation that the quantity of money supplied is maintained in excess of the quantity demanded, then the necessary sufficient condition ...

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