نتایج جستجو برای: inflation targeting reduces variability of growth rate
تعداد نتایج: 21321745 فیلتر نتایج به سال:
The key issue in the debate, in my opinion, is that, in practice, much of interest rate setting is not driven by looking at inflation and growth forecasts at all horizons, but is based on rules of thumb. In particular, inflation-targeting is usually based on inflation forecasts 1-3 years out, often with a focus on a fixed horizon such as two-years. This can have the effect that asset price misa...
The commitment and forward-looking behavior of central bank is of great importance. Commitment imposes less social costs on the central bank and the public. However, while there is wide agreement on the importance of commitment, there is much less consensus on how to implement commitment through targeting or instrumental rules. In this paper, we have estimated a basic New Keynesian model in I...
The impact of monetary policy on nominal and real variables in the economy is very important and controversial issues in monetary economics. Thus, the interaction between the real and monetary sectors, are the questions that different schools of economic have different responses and assumptions in this design is neutral and super-neutral of money in the long run. Accordingly, the acceptance or ...
This research is an attempt to study about the efficiency of different exchange-rate regimes based on reduces in loss function of central bank in a form of Dynamic Stochastic General Equilibrium (DSGE), considering an oil exporting economy such as Iran's Economy. Thus, after adjusting a pattern, considering the structural characteristic of Iran’s Economy as oil exporting country and obtaining m...
This paper examines the effects of different variables on inflation in the monetary economics using endogenous growth models. So, different aspects of inflation formation were analyzed based on micro-foundations. We investigated the role of imported inflation, fiat money, expectations, monetary base and capital accumulation on inflation using an endogenous growth model. An ARDL approach was...
A number of recent papers have explored monetary policy options, including inflation targeting and inflation forecast targeting (notably Svensson (1999a, 1999b, 2000)) and price level targeting (Wolman 2000, Batini and Yates 1999, Blinder 1999). Most papers explore “optimal” monetary policy in the context of a single model. However, a number of conclusions made in the literature depend strongly...
This paper argues that inflation-targeting central banks should announce explicit loss function with numerical relative weights on output-gap stabilization and use and announce optimal time-varying instrument-rate paths and corresponding inflation and output-gap forecasts. Simple voting procedures for forming the Monetary Policy Committee’s aggregate loss function and time-varying instrument-ra...
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