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18 results with keyword: 'monetary policy regime shifts and inflation persistence'

Monetary policy regime shifts and inflation persistence

Alternatively, the volatile inflation in the 1970s could reflect higher shock volatility, so estimating the MSNK model with switching only in monetary policy could incorrectly

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2021
Asymmetric Behavior of Inflation in Iran: New Evidence on Inflation Persistence Using a Smooth Transition Model

Since the empirical findings confirm that persistence of inflation is strongly sensitive to inflation level and monetary policy regime, policymakers should commit to the

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2020
Monetary Policy, Regime Shifts, and Inflation Uncertainty in Peru (1949-2006)

Importantly, this non-existence of shifts to high-volatility regimes, both in the permanent and transitory components of in‡ation, is not due exclusively to the adoption of the

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2021
Technische Universität Ilmenau Institut für Mathematik

In Section 4, it is shown that a system with asymptotically stable zero dynamics is high-gain stabilizable with constant gain (in case of proper inverse transfer function) and

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2021
Monetary Policy, Trend Inflation and Inflation Persistence

Using a simple in‡ation-responding Taylor rule, I show analytically that the intertemporal dependence between current in‡ation and its lags is a function of the interest rate

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2021
Monetary Policy Shifts, Indeterminacy and Inflation Dynamics

While it is well know that in a New-Keynesian model a weak central bank response to in‡ation generates sunspot ‡uctuations, the consequences of pooling ob- servations from

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2021
Inflation persistence and robust monetary policy design

Specifically, we find that a first-difference rule which relates changes in the short-term nominal interest rate to the one-year ahead forecast of inflation and the current output

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2021
Zodiac FleaTrol Fogger. Relevant identified uses of the substance or mixture and uses advised against

If on skin or clothing• Rinse skin immediately with plenty of water for 15-20 minutes.• Call a poison control center or doctor for treatment advice.If swallowed•

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2021
Inflation dynamics and regime shifts

The role of learning increases in periods of high uncertainty about the monetary policy regime thereby creating a link between inflation persistence and the stability and

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2021
Monetary-Fiscal Policy Interactions and Tests for Monetary Dominance in the West African Monetary Zone

Under aggressive inflation targeting regime (like in monetary unions), the policy combination of active monetary policy and passive fiscal policy (depicting monetary dominance)

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2021
Heterogeneity in inflation persistence and optimal monetary policy

The previous subsection presents the optimal weights attached to sectoral inations when the nominal rigidity measure proposed by BL-S is the same across sectors but this rigidity

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2021
Inflation persistence and monetary policy design: an overview

Using a structural objective function for the central bank based on the representative agent’s utility within micro-founded models of in fl ation persistence can alter the results

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2021
Monetary policy and inflation persistence in the Eurozone

To the extent that it is reasonable to expect that nominal rigidities are more similar among the Spanish and the United States regions than among the Euro countries, we have

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2021
Sources of the Great Moderation: shocks, friction, or monetary policy?

With regime shifts in shock variances, introducing regime shifts in the inflation target synchronized with regime shifts in shock variances (DSGE-2cv) or allowing the inflation

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2021
Optimal Monetary Policy under Adaptive Learning

In other words, when lagged inflation is zero and the estimated inflation persistence is equal to the intrinsic persistence, the optimal monetary policy response to a shock

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2021
Optimal Monetary Policy under Adaptive Learning

In other words, when lagged inflation is zero and the estimated inflation persistence is equal to the intrinsic persistence, the optimal monetary policy response to a shock

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2021
MPLS Point-to-Multipoint Traffic Engineering

You can configure P2P explicit backup tunnels on point of local repair (PLR) nodes for link protection of P2MP sub-LSPs, similar to LSPs for P2P TE tunnels.. You can also

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2021
Optimal Monetary Policy, Gains from Commitment, and Inflation Persistence

It shows the values of the un- conditional standard deviations of output gap and annualized in‡ation rate, and the value of the loss function associated with di¤erent policies... on

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2021

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