nominal GDP inflation targeting
Nominal targeting in an economy with government debt
... only inflation, but also the price level ...level targeting (Vestin, 2006) or nominal GDP targeting (Jensen and McCallum, ...two targeting regimes, albeit in the context of a ...
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Nominal Income and Inflation Targeting
... inherent inflation targets.The inflation bias inherent in agents in the economy, when they realize the incentive of monetary authorities to create monetary surprises, is responsible for what is known in ...
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Monetary Policy Rules and Directions of Causality: a Test for the Euro Area
... “nominal GDP targeting rule” (McCallum 1988; Hall and Mankiw 1994; Woodford ...of nominal GDP and target GDP to variation in the three-month market interest ...the nominal ...
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Nominal GDP targeting for a speedier economic recovery
... long-run inflation rate not the short-run inflation rate and because the CB usually also takes into account output gap or unemployment as well as the inflation ...
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The Macro Share Economy and Nominal GDP Targeting
... a nominal loan again, but in the context of a more general economy, with production, storage, and capital ...a nominal payment represents to shift between borrowers and lenders? Selgin [25] argues ...with ...
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The Use of Divisia Monetary Aggregates in Nominal GDP Targeting
... of nominal GDP. Any approach to targeting nominal GDP requires availability of monthly measurements of nominal ...of nominal GDP are needed regardless of the ...
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Optimality criteria of hybrid inflation price level targeting (outdated version)
... no inflation bias described by Kydland and Prescott (1977) and Barro and Gordon ...is inflation, price level, and hybrid targets ( ˆ λ = λ = λ = 0 ); it provides the most consistent way of assuming high ...
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Inflation targeting and tax effort: Evidence from Colombia
... According to Perilla (2010), Lopez et al. (2013) and Villar and Forero (2014) in some emerging economies such as Colombia, the oil sector share in the economy is a relevant source of fiscal revenue. Therefore, as a ...
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Has the crisis affected the behavior of the rating agencies? Panel evidence from the Eurozone
... in GDP per capita, GDP growth rate, exchange reserves and cumulated current account results in a credit rating upgrade (cumulative current account’s significance emerges only during the financial ...
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Real Time Nowcasting Nominal GDP Under Structural Break
... Several recent papers such as Bai and Ng (2008a, 2008b), Jungbacker and Koopman (2008), and Doz, Giannone and Reichlin (2012), among several others, …nd that small scale factor models estimated through maximum likelihood ...
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Sticky Wages, Incomplete Pass Through and Inflation Targeting: What is the Right Index to Target?
... JEL Classification: E31; E52; E58; E61; F31 Keywords: Monetary policy rules; Inflation Targeting ; Consumer Price Index; Domestic Price Index; Exchange rate pass-through; Nominal wage ri[r] ...
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Inflation persistence in African countries: Does inflation targeting matter?
... Inflation targeting is considered the state of art practice of modern day monetary policy conduct and this shown by the increasing number of Central Banks which have chosen inflation targeting ...
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Essay on Stock Market Performance and Dynamic Reactions to Monetary Policy Shocks in Nigeria
... quantity-based nominal anchor (M2) proved to be more effective than the price-based policy variable (MPR) in enhancing the overall performance of the Nigerian stock ...real GDP, boasting real economic ...
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Real Interest Rates, Bubbles and Monetary Policy in the GCC countries
... its inflation target was ...actual inflation in 2004 is very large. Most of the inflation targeting regimes though achieved their targets sooner than ...stability, inflation ...
9
Inflation Targeting in Turkey
... that inflation affects inflation is the expectation that the future inflation rate will ...causes inflation to rise, as shown in the ...triggers inflation in a country whose economy is ...
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Inflation Targeting and Macro-Economic Performance: The Case of Emerging Countries
... of inflation targeting on the dynamics of inflation, using the average inflation rate for 21 industrialized and emerging countries that have adopted inflation targeting, and 6 ...
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Inflation Targeting and Inflation Behavior: A Successful Story?
... once in- flation reached a stable low level, their central banks would reinforce the regime, by abandoning other nominal anchors and committing exclusively to target inflation. For example, Chile may appear as an ...
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Inflation Targeting and Inflation Convergence within Turkey
... Table 4 summarizes the results of unit root tests applied to all 21 region pairs for Food, Beverage, and Tobacco CPI inflation rates over the pre-inflation-targeting period 1997:03-2001:01 (i.e., ...
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Targeting Chinese Nominal Compounds in Corpora
... Parsing. An additional improvement of the results could be achieved by uncovering the internal syntactical depen- dencies of falsely recognized nominal compounds (pseudo nominal compounds). In Table 2, we ...
6
Threshold Modeling for Inflation and GDP Growth
... the Inflation rate and GDP growth we regress a static long run model as given in column (1) and (2), Table: ...between GDP and inflation, some studies has given positive relationship and some ...
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