The inflation stabilization can be explained by a shift in monetary policy or by a lucky period of low volatility in business cycle shocks. To test the "luck hypothesis" we examine the inflation experience of Canada, one of the earliest and most successful adopters of an inflation targeting ...
This study extends the literature on the relationships between inflation and inflation volatility by examining the impact of inflation targeting on inflation volatility in Thailand. The ARIMA–GARCH model reveals that inflation targeting marginally reduced the degree of volatility persistence in response to...
THE IMPACT OF MONETARY POLICY TOWARD INDONESIAN STOCK MARKET UNDER INFLATION TARGETING REGIMEinflation targeting frameworkmonetary policystock marketvector error correctionvariance decompositionA high volatility in stock market movement can be influenced by current news both domestic and international economic ...
The Impact of Inflation Targeting: Testing the Good Luck Hypothesis Over the last twenty years the level and volatility of inflation decreased across industrial countries. The inflation stabilization can be explained by a s... F Ravenna - 《Cahiers De Recherche》 被引量: 26发表: 2010年 Explainin...
The enduring impact of the COVID-19 crisis on the financial sector is undeniable, persisting far beyond the eventual waning of the pandemic. This research examines central bank interventions during the pandemic, using a quantitative event study approach
Our findings illustrate that the inflation targeting framework significantly lowers inflation variability and improves fiscal discipline. We find that this monetary policy regime reduces the real exchange rate volatility in developing countries but increases it in developed economies. 展开 ...
In addition, both the Fed and the ECB news elicited tardy or persisting volatility responses. These findings have important implications for all levels of market participants in the Asia-Pacific stock markets. 展开 关键词: Target interest rate news Spillover effects U.S. Fed ECB ...
Historically, it has been observed that positive economic policy uncertainty (EPU) shocks exert a significant and adverse impact on REC. This implies that EPU may deter investment and impede the progress of renewable energy initiatives. During periods of economic volatility, companies and investors ...
CEOs need to grapple not only with geopolitical volatility but potential domestic instability, says the career US diplomat. Podcast How programmatic M&A fosters long-term resilience December 13, 2023- Executing regular small deals is not only the most effective M&A strategy but also makes compa...
One of the major goals of this study was to determine the appropriate level of centralised supervision for such platforms and analyse how the system may react according to the volatility of volunteer demands. Due to the unavailability of data for direct comparison with other organisational schemes ...