inflation volatilitymonetary policyThis article presents an overview of monetary policy in Australia and highlights the persistence and volatility of inflation under successive monetary policy regimes, 1950-2010. A series of unit root tests specified both linearly and nonlinearly investigate whether inflation...
Many central banks, with or without explicit inflation targets, have spent twenty years or more keeping inflation low and stable. Many have had legislative overhauls giving them greater policy autonomy, and all have worked to improve their public communications and policy accountability. All these ...
喜欢读"Monetary Policy, Inflation, and the Business Cycle"的人也喜欢 ··· Recursive Macroeconomic Theory (... 9.5 Introduction to Modern Economic G... 9.5 Interest and Prices Monetary Theory and Policy 8.5 Microeconomic Theory 9.4 A Crisis of Beliefs 9.2 Advanced Macroeconomics...
monetary policy and its implications for inflation, economic fluctuations, and welfare. It is the backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stability-o....
As a strategy,inflation targetingviews the primary goal of the central bank as maintaining price stability. All of the tools of monetary policy that a central bank has, including open market operations and discount lending, can be employed in a general strategy of inflation targeting. Inflation ta...
An influential paper by Clarida, Galí, and Gertler (2000) has attributed the great inflation of the 1970s to the violation of the Taylor principle in the conduct of U.S. monetary policy (weak, indeterminacy inducing response to expected inflation). We evaluate this thesis in the context of...
Monetary PolicyThis paper shows that an economy's behavior differs significantly according to assumptions made on the formation of inflation expectations. We analyzed the behavior of an open economy in a regime of explicit inflation targeting with commitment. The economy is exposed to three different ...
and Pezzini, S. (2010), Public Attitudes to Inflation and Monetary Policy, Bank of England Quarterly Bulletin, Vol. 50. No. 2, 115-123.Barnett, A, Oomen, O and Bell, V (2009), `Public attitudes to inflation and monetary policy', Bank of England Quarterly Bulletin, Vol. 49, No. ...
This article presents an overview of monetary policy in Australia and highlights the persistence and volatility of inflation under successive monetary policy regimes, 1950-2010. A series of unit root tests specified both linearly and nonlinearly investigate whether inflation persistence has the characteristi...
阅读了该文档的用户还阅读了这些文档 216 p. Monetary policy,inflation and the business cycle 688 p. Monetary-Theory-and-Policy 关于我们 关于道客巴巴 人才招聘 联系我们 网站声明 网站地图 APP下载 帮助中心 会员注册 文档下载 如何获取积分 关注我们 新浪微博 关注微信公众号 ...