[PDF] Top 20 A non normative theory of inflation and central bank independence
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A non normative theory of inflation and central bank independence
... In order to make our point formally, we develop a simple model in the spirit of Blanchard and Kiyotaki (1987). In each sector of our economy, one trade union has the monopoly power to set the nominal wage that is to be ... See full document
21
The Sensitivity of Central Bank Independence Measurements to Inflation in Iran: A New Approach
... Central bank independence might improve real economic performance for several ...independent central bank that is free from political pressure may behave more predictably, promoting ... See full document
12
A Revisit of the Relation between Central Bank Independence and Inflation
... between central bank independence (CBI) and inflation is ...regressing inflation rates on CBI tend to reject this hypothesis and show that there is no negative ...on inflation by ... See full document
8
Institutions and Macroeconomic Performance: Central Bank Independence, Labour Market Institutions and the Perspectives for Inflation and Employment in the European Monetary Union
... and central bank institutions on the stable inflation rate of ...independent central banks ready to sacrifice output and em- ployment to gain price ...and central bank ... See full document
31
Patience and Inflation
... of inflation are sometimes sensitive to the exact choice of the sample, we repeat the above analysis for various subsamples of our ...on inflation rates. In addition, the coefficient on legal central ... See full document
36
Back to the roots: On the origins of the Fed's independence
... that central bank independence can be a "free lunch" (Alesina and Gatti, 1995) attracted a lot of ...would central bank independence tame inflation, but also ... See full document
24
Central bank independence: monetary policies in selected jurisdictions (III)
... a central bank decides to raise interest rates? Why should greater pre eminence be given to monetary policy objectives than was previously the case? It has been demonstrated in several jurisdictions that ... See full document
19
Black Swans and Black Elephants in Plain Sight: An Empirical Review of Central Bank Independence
... of inflation, and more recently by the evidence of the past two years, in which inflation has not kept pace with the huge expansion in the money supply precisely because of the collapse in the velocity of ... See full document
75
Central bank independence and its effect on money market stability
... and inflation for developing countries, similar as found for industrialized ...independent bank is almost like having a free lunch; there are benefits but no apparent costs in terms of macroeconomic ... See full document
19
Gordon Unbound : The Heresthetic of Central Bank Independence in Britain
... It is certainly tempting to explain the origins of central bank independence in Britain as the predictable outcome of its traumatic monetary history and politics of economic decline. However, this ... See full document
44
The dominant discourse of central bank independence
... to inflation because Congress would have been fundamentally changed the Fed as an ...about inflation grew so that a political mandate developed to fight inflation despite the risk of a significant ... See full document
205
Central bank independence and ageing
... and central bank independence are both strongly ...that inflation-adverse-societies build institutions fitting their ...review, central bank independence clearly appears ... See full document
8
The impact of the elderly on inflation rates in developed countries LEQS Discussion Paper No 107/2016 March 2016
... distinct inflation preferences and how the size of these groups may in turn feed into differences in inflation rates across ...That inflation has distributional consequences is not controversial 42 ... See full document
66
The Impact of The Independence of The Central Bank on The Effectiveness Monetary Policy
... The central banks have existed for over a century but their purposes; functions and operations have evolved over ...the Central Bank Independence (CBI) intensified after models of monetary ... See full document
17
Monetary policy shifts and Central Bank independence
... in inflation, which is close to existing literature (Benati and Surico (2009), Boivin and Giannoni (2006), Clarida et ...trend inflation in the policy rule is unable to capture the high long-run response to ... See full document
61
Institutional Quality and Inflation
... that inflation is strongly as- sociated with the short-run movements of money ...affects inflation in third ...like central bank independence, political stability on inflation ... See full document
6
An Empirical Analysis of the Degree of Independence and Transparency of Central Bank of Rwanda
... On the contrary, openness was stationary at the level, means it has integrated of order zero. The unit root failed to reject the null hypothesis, neither by ADF nor by the PP test, but confirmed for another side of KPSS ... See full document
5
Functions of Central Bank of Kosovo and the need for their advancement
... the Central Bank of the Republic of Kosovo (CBK), and implemented by the bank management, respectively implemented by the Department of Asset ... See full document
10
Taylor rules, central bank preferences and inflation targeting
... the inflation rate, output and the change in the interest rate is inconsistent with those ...and inflation are important objectives for all three economies but limiting the loss function to this form does ... See full document
29
Legal convergence in the Member States of the European Union as at August 1997. Report of the European Monetary Institute on the adaptation of national legislation, and in particular the statutes of the national central banks, of the Member States of the European Union with a view to Stage Three of Monetary Union
... Inconsistencies with Treaty and Statute requirements and prospective changes to the Bank's statute and other legislation 5.1 Central bank independence Institutional independence Articles[r] ... See full document
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