Results 31 to 40 of about 1,031,469 (208)
, 2023 Over the recent two decades, monetary policy has increasingly become the art of managing expectations. As a consequence, central bank communication has become an important instrument in central banks’ toolkits. Central bank communication was initially primarily focused on financial markets.
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Evaluating Monetary Policy [PDF]
SSRN Electronic Journal, 2009 Evaluating inflation-targeting monetary policy is more complicated than checking whether inflation has been on target, because inflation control is imperfect and flexible inflation targeting means that deviations from target may be deliberate in order to stabilize the real economy.
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Transparency of Monetary Policy: Theory and Practice [PDF]
, 2005 Transparency has become one of the main features of monetary policymaking during the last decade. This paper establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency around the world.
Geraats, Petra M.
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Domestic demand and exports: Evidence from Turkish firms
Central Bank Review, 2021 This study examines the relationship between real domestic sales and real exports for Turkish manufacturing firms. Dynamic panel data estimations based on firm-level data for the period 2004–2014 suggest that the two variables are substitutes.
Selçuk Gül
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Determinants of global interest in central bank digital currency: The role of sustainable development and cryptocurrency [PDF]
Digital Transformation and SocietyPurpose – This paper aims to investigate the determinants of global interest in central bank digital currency (CBDC). It assessed whether global interest in sustainable development and cryptocurrency are determinants of global interest in CBDC.
Peterson K. Ozili
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Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019 The massive financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector.
Ece C. Akdoğan, Ekin Ayşe Özşuca
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, 2008 First paragraph: The purpose of this chapter is to consider monetary policy in terms of real social experience. Monetary policy making is itself a real social experience for policy makers. In attempting to influence real behaviour, they employ theoretical ideas, conveyed with the rhetoric of expertise, to communicate with market players.
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Choosing the European fiscal rule
Baltic Journal of EconomicsIn order to quantitatively assess the potential effects from the ongoing transformation of the fiscal framework of the European Union, we evaluate the economic and public finance stabilization properties of two benchmark fiscal rules using a New ...
Ginters Bušs +2 more
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Inflation targeting as a monetary policy rule [PDF]
, 1998 The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation ...
Svensson, Lars E. O.
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The effects of minimum wage increases on the macro economy, income distribution, and informal wages
Baltic Journal of EconomicsThis paper examines how changes in the minimum wage influence an economy with a substantial informal sector. To achieve this, we simulate the recent minimum wage increase in Latvia, providing a comprehensive assessment of its macroeconomic, sectoral, and
Konstantīns Beņkovskis +3 more
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