[PDF] Top 20 Out of reach? Convergence to an inflation target in the Central Bank of Iceland's macroeconomic model
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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 ... See full document
25
The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?
... costs central banks were much more keen to publish macroeconomic projections than interest rate paths is that formally or intuitively they know that the majority of attainable benefits has already been ... See full document
22
Monetary policy and financial stability in the long run : a simple game theoretic approach
... the central bank’s inflation ...ects macroeconomic out- comes, which generates a feedback on monetary ...the central bank’s tradeo ff between price stability and financial ...the ... See full document
32
Albanian Economic Model Facing the Global Recession
... of macroeconomic indicators are of fiscal and monetary sphere applied respectively by central and local government as well as the Central ...90’s Central Bank had the same tools ... See full document
14
Impact of inflatıon gap to nomınal interest rates: case of Turkey
... growth model to market-based policies and outward orientation since ...the central bank independence, aiming to cope with inefficiencies and balance of payment difficulties, CBRT became interested in ... See full document
16
Taylor rules, central bank preferences and inflation targeting
... (2003) model to estimate the preferences of the ECB assuming that policy operated under commitment, finding that the central bank placed a large weight on ...Wouters model on US data with the ... See full document
29
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
A non normative theory of inflation and central bank independence
... The assumption that the incumbent's oce rent depends positively on seigniorage can be motivated by public choice arguments. Niskanen (1971), for example, argued convincingly that politicians tend to overspend, because ... See full document
21
The Federal Reserve’s implicit inflation target and Macroeconomic dynamics A SVAR analysis
... SVAR model described above requires a series for long-horizon in‡ation ...in‡ation target are not observed regularly and therefore the proposed identi…cation strategy is more e¤ective in a reasonably long ... See full document
49
Are Macroeconomic Variables Useful for Forecasting the Distribution of U S Inflation?
... monthly inflation (core inflation is measured after excluding food and energy), for which we find that indicators of economic activity are useful in forecasting its distribution, especially when using unem- ... See full document
34
A small macroeconomic model of trade and inflation in Ghana
... in the long-run. As relative price level increases by one percent, export demand decreases by 0.17 percent in the long-run. The 1994 dummy accounts for the possible structural shift due to the regime change in Ghana from ... See full document
37
Institutions and Macroeconomic Performance: Central Bank Independence, Labour Market Institutions and the Perspectives for Inflation and Employment in the European Monetary Union
... of central bank independence by means of simple scatter ...of central bank independence with annual inflation rates and its ...with central bank ...of central ... See full document
31
The Impossible Trinity on Steroids: Inflation Targeting and Exchange Rate Management in Emerging Countries
... an inflation target, however, the authorities are allowed to intervene in the FX market from time to time to smooth excessive short-term fluctuations and/or to maintain market ...and inflation ... See full document
34
On Central Bank Transparency, Independence and Public Debt Policy
... a central banker from a pool of conservative central bankers (region A ) which is known by all ...the central banker remain unknown to the private sector and the ...the central banker ... See full document
21
A Disaggregate Model and Second Round Effects for the CPI Inflation in Costa Rica
... the inflation fall from almost 15 percent to 5 percent, the relative volatility increased for almost all groups with respect to the volatility of the aggregate ... See full document
35
A Study of Capital Structure of Indian Power Generation and Supply Firms: Unbalanced Panel Data
... between inflation and leverage is and significant which predict that economic stability increases the confidence of firms as well as reduces the cost of ... See full document
13
Institutional Quality and Inflation
... on inflation. This paper finds that in countries with high inflation rates, financial sectors cannot resist current levels of inflation and banking system does not decrease inflation in the ... See full document
6
Game of Thrones: Accommodating Monetary Policies in a Monetary Union
... the macroeconomic development in the Euro Area within a simple model and then investigate several scenarios of strategic interactions among the common central bank and the governments or ... See full document
15
Factor Model Forecasting of Inflation in Croatia
... The first six components explain 80% of the total data variance while the first ten components describe approximately 92% of the variance. By construction, the first com- ponent captures the major share of the variance - ... See full document
23
Forecasting with a Bayesian DSGE Model: An Application to the Euro Area. NBB Working Paper Nr. 60, September 2004
... area model in Section 2, Section 3 starts with a comparison of the forecasting performance of the DSGE model with that of VARs and ...the model can be used to calculate the complete distribution of ... See full document
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