نتایج جستجو برای: central bank independence cbi
تعداد نتایج: 565947 فیلتر نتایج به سال:
The purpose of this study is to investigate the foreign exchange market pressure (EMP) and the impact of domestic and foreign variables in such markets to access the direct intervention of central banks in these markets in selected oil-exporting countries (Iran, Russia, Norway, and Mexico) during1997/1-2017/4, Using the VECM and VAR model. The results show that the general situation of the for...
This paper uses a new data set on the term in office of central bank governors in 137 countries covering the period 1970-2004 to estimate a model for the chance that a central bank governor is replaced. We formulate a number of hypotheses based on the literature on the determinants of central bank independence that are tested using conditional logit models and the Extreme Bounds Analysis. We co...
Recently, Fischer [1996] and Posen [1998] demonstrated empirically that countries with less independent central banks enjoy lower output losses during disinflationary cycles. Since independence is presume to provide a credibility bonus to the monetary policy, this conclusion looks surprising. To explain their paradoxical result, these authors put forward that independent central banks probably ...
We study the monetary instrument problem in a model of optimal discretionary fiscal and monetary policy. The policy problem is cast as a dynamic game between the central bank, the fiscal authority, and the private sector. We show that, as long as there is a conflict of interest between the two policy-makers, the central bank’s monetary instrument choice critically affects the Markov-perfect Nas...
نمودار تعداد نتایج جستجو در هر سال
با کلیک روی نمودار نتایج را به سال انتشار فیلتر کنید