Rate Climate Could Trigger More Refundings, Merrill Analyst Says
- Achieving growth with disinflation. // OECD Economic Surveys: Turkey;Jul2001, Vol. 2001 Issue 4, p37
Discusses the efforts of the government of Turkey for its goal of disinflation. Monetary elements of the disinflation plan; Status of interest rates; Problems of real-exchange rate targeting and monetary accommodation.
- SOUTH AFRICA: Latest Data Releases. // Africa Monitor: Southern Africa;Oct2004, Vol. 9 Issue 10, p5
The South African Reserve Bank's (SARB) decision to cut interest rates by 50 basis points (bps) to 7.5% in August has been supported by July's inflation data. The most important measure in inflation. CPIX (consumer prices excluding mortgage interest payments) rose by only 4.2% y-o-y well below...
- A Close Look at Model-Dependent Monetary Policy Design. Ciasares, Miguel // Review (00149187);Sep/Oct2006, Vol. 88 Issue 5, p451
This article first explores the implications of model specification on the design of targeting rules in a world of model certainty. As a general prescription, a targeting rule must counterbalance the private-sector dynamics: The more backward-looking behavior is observed in either the output gap...
- MONETARY POLICY REGIMES, EXPECTED INFLATION, AND THE RESPONSE OF INTEREST RATES TO MONEY ANNOUNCEMENTS. Roley, V. Vance; Walsh, Carl E. // Quarterly Journal of Economics;1985 Supplement, Vol. 100 Issue 4, p1011
This paper examines the response of the term structure of interest rates to weekly money announcements. Estimated responses for both the pre- and post-October 1979 periods are first presented. Then, two competing hypotheses in-volving the policy anticipations and expected inflation effects are...
- Examining the role of monetary aggregates in China. S�nchez-Fung, Jos� R. // BOFIT Discussion Papers;8/31/2012, Issue 18, p4
The paper examines the relative significance of monetary aggregates and interest rates in China using the information approach to monetary policy. The analysis reveals the superi-ority and robustness of a narrow monetary aggregate in contributing information about fu-ture movements in inflation.
- Monetary policy since the previous Report. // Monetary Policy Report (Norges Bank);Oct 2007, p17
The article provides updates on the Monetary Policy Report of Norway since its 2007 second quarter publication, presented on June 27. The contents of the report are reviewed where inflation ranging from 1 to 1.5 percent was indicated, and the interest rate was raised to 4.5 percent. The interest...
- Another Look at the Inflation-Target Horizon. Coletti, Don; Selody, Jack; Wilkins, Carolyn // Bank of Canada Review;Summer2006, p31
ï¿½ The inflation-target horizon is the period during which monetary policy actions are expected to return inflation to target. Policy-makers have an interest in communicating this horizon, since it is likely to help anchor inflation expectations. ï¿½ Bank researchers have recently...
- Monetary policy: inflation targeting in action. // OECD Economic Surveys: United Kingdom;Jun2000, Vol. 2000 Issue 11, p39
Examines the framework of the monetary policy in Great Britain in the 1990s. Changes in the modalities of inflation targeting; Impact of policy actions; Levels of inflation; Criticisms of the constant interest rate assumption.
- Learning and Monetary Policy Shifts. Schorfheide, Frank // Working Paper Series (Federal Reserve Bank of Atlanta);Oct2003, Vol. 2003 Issue 23, p1
This paper estimates a dynamic stochastic equilibrium model in which agents use a Bayesian rule to learn about the state of monetary policy. Monetary policy follows a nominal interest rate rule that is subject to regime shifts. The following results are obtained. First, the author's policy...