Results 271 to 280 of about 356,326 (313)
Journal of Applied Corporate Finance, 2019 The President of the Philadelphia Federal Reserve Bank from 2006–2015 discusses the Fed's essential role as preserver of the currency's purchasing power and how the institution might be improved to better fulfill that role. To that end, the author proposes the imposition of four limits on the central bank that, by restricting its discretion, can be ...
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Central bank independence: A sensitivity analysis [PDF]
European Journal of Political Economy, 1998 Abstract This paper investigates the empirical relationship between four measures of central bank independence and macroeconomic performance. We look at both the mean and the variance of output and inflation for twenty industrial countries for the period 1972–1992. The elasticity of inflation with respect to central bank independence is estimated and
Sylvester Eijffinger, Eric Schaling
exaly +9 more sources
Central bank transparency and cross-border banking [PDF]
Journal of International Money and Finance, 2017 Abstract We analyze the effect of central bank transparency on cross-border bank activities. Based on a panel gravity model for cross-border bank claims for 21 home and 47 destination countries from 1998 to 2010, we find strong empirical evidence that a rise in central bank transparency in the destination country, on average, increases cross-border ...
Stefan Eichler, Lena Tonzer
exaly +4 more sources
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Adaptation and Central Banking
SSRN Electronic Journal, 2018What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central
Alexander W. Salter, William J. Luther
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Conservative central banks: how conservative should a central bank be?
Scottish Journal of Political Economy, 2017AbstractUsing Rogoff's, 1985 model, we determine how inflation averse a central banker should be, given the level of volatility and projected output gap in the economy. We confirm a strong degree of conservatism, almost twice what society would have chosen.
Hallett, Andrew Hughes +1 more
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In Vitro, 1981
The National Institute of Allergy and Infectious Diseases is developing, with the American Type Culture Collection, a central facility for the acquisition, maintenance, and distribution of hybridoma cell lines. This effort finds its principal justification in the great activity in this field and in the large variety of hybridoma lines that are produced
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The National Institute of Allergy and Infectious Diseases is developing, with the American Type Culture Collection, a central facility for the acquisition, maintenance, and distribution of hybridoma cell lines. This effort finds its principal justification in the great activity in this field and in the large variety of hybridoma lines that are produced
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Journal of European Public Policy, 2005
More than 90 per cent of all independent states have established a central bank in some form or other. During the 1990s, a vast majority of all central banks underwent structural reforms, thus achieving a larger measure of legal independence. The article illustrates that the central bank case is particularly interesting since it demonstrates that ...
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More than 90 per cent of all independent states have established a central bank in some form or other. During the 1990s, a vast majority of all central banks underwent structural reforms, thus achieving a larger measure of legal independence. The article illustrates that the central bank case is particularly interesting since it demonstrates that ...
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SSRN Electronic Journal
ABSTRACT Trust in the central bank is an essential ingredient for a successful conduct of monetary policy. However, for many central banks trust has recently declined, for instance in the wake of the post‐pandemic inflation surge, due to large errors in central banks’ inflation forecasts, or given problems when exiting from forward ...
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ABSTRACT Trust in the central bank is an essential ingredient for a successful conduct of monetary policy. However, for many central banks trust has recently declined, for instance in the wake of the post‐pandemic inflation surge, due to large errors in central banks’ inflation forecasts, or given problems when exiting from forward ...
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2008
Central bank independence refers to the freedom of monetary policymakers from direct political or governmental influence in the conduct of policy.
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Central bank independence refers to the freedom of monetary policymakers from direct political or governmental influence in the conduct of policy.
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