Sacrifice Ratios and Inflation Targeting: The Role of Credibility

2012 ◽  
Author(s):  
Nicolas De Roux ◽  
Marc Hofstetter
Keyword(s):  
Inflation Targeting ◽  
Sacrifice Ratios

Sacrifice Ratios and Inflation Targeting: The Role of Credibility

2014 ◽  
Vol 17 (3) ◽  
pp. 381-401 ◽  
Author(s):  
Nicolás De Roux ◽  
Marc Hofstetter
Keyword(s):  
Inflation Targeting ◽  
Sacrifice Ratios

At the final stage of the global crisis: Economic tasksin 2017-2019

2018 ◽  
pp. 5-29 ◽  
Author(s):  
V. A. Mau
Keyword(s):  
Economic Growth ◽  
Final Stage ◽  
Government Regulation ◽  
Inflation Targeting ◽  
Social Dynamics ◽  
Growth Stimulation ◽  
Central Banks ◽  
Economic Area ◽  
National Trends

The paper deals with the global and national trends of economic and social development at the final stage of the global structural crisis. Special attention is paid to intellectual challenges economists will face with in the post-crisis world: prospects of growth without inflation, new global currencies and the role of cryptocurrencies, central banks independence and their role in economic growth stimulation, new tasks and patterns of government regulation, inequality and growth. Special features of Russian post-crisis development are also under consideration. Among them: prospects of macroeconomic support of growth, inflation targeting, new fiscal rule, social dynamics and new challenges to welfare state. The paper concludes that the main obstacles for economic growth in Russia are concentrated in the non-economic area.

Korea's Post-Crisis Monetary Policy Reforms

2005 ◽  
Vol 08 (04) ◽  
pp. 707-731 ◽  
Author(s):  
Donghyun Park ◽  
Junggun Oh
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Inflation Targeting ◽  
Financial System ◽  
Capital Inflows ◽  
Policy Reforms ◽  
The Future

Korea's financial crisis of 1997–1998 was brought about by the unsustainable combination of large capital inflows and an inefficient financial system. The Bank of Korea contributed to the crisis primarily through its failures as the regulator of the financial system rather than as the conductor of monetary policy. Our paper explores the role of the two major monetary policy reforms Korea has implemented in response to the crisis — the establishment of a new financial regulator and the adoption of inflation targeting — in Korea's efforts to build a stronger and more efficient financial system, thereby preventing crises in the future.

scholarly journals Inflation targeting, disinflation, and debt traps in Argentina

2020 ◽  
Vol 17 (1) ◽  
pp. 78-105
Author(s):  
Emiliano Libman ◽  
Gabriel Palazzo
Keyword(s):  
Foreign Exchange ◽  
Current Account ◽  
Risk Premium ◽  
Inflation Targeting ◽  
Inflation Rate ◽  
Current Account Deficit ◽  
External Debt ◽  
Stabilization Process ◽  
Eventual Collapse

This paper highlights the role of external indebtedness and the presence of inflationary inertia in order to assess the effectiveness and sustainability of inflation targeting during disinflation episodes. As the recent Argentinian experience illustrates, a sluggish inflation rate and a significant current-account deficit may make the stabilization process difficult. To illustrate the point, we build a model that shows that, when inflation adjusts fast, the target may be achieved without building too much external debt. But if inflation adjusts slowly, an excessive build-up of external debt could lead to an increase in the risk premium, a sudden shortage of foreign exchange, and the eventual collapse of the inflation-targeting regime.

scholarly journals Asset prices regime-switching and the role of inflation targeting monetary policy

2017 ◽  
Vol 32 ◽  
pp. 97-112 ◽  
Author(s):  
Ioannis Chatziantoniou ◽  
George Filis ◽  
Christos Floros
Keyword(s):  
Monetary Policy ◽  
Regime Switching ◽  
Asset Prices ◽  
Inflation Targeting

scholarly journals Inflation targeting at the crossroads: Evidence from post-communist economies during the crisis

2014 ◽  
Vol 47 (2) ◽  
pp. 247-260 ◽  
Author(s):  
Marjan Petreski
Keyword(s):  
Eastern Europe ◽  
Economic Crisis ◽  
Inflation Targeting ◽  
Central And Eastern Europe ◽  
Output Growth ◽  
Lower Amount ◽  
Percentage Points ◽  
Growth Decline ◽  
Independent States

The objective of this paper is to assess if inflation targeting post-communist economies performed better, in terms of output growth, during the crisis than their non-inflation targeting counterparts. The paper also puts the issue in the context of the preconditions of inflation targeters to adopt this regime. 26 post-communist economies of Central and Eastern Europe and the Commonwealth of Independent States are analyzed during the ongoing economic crisis. Results suggest that inflation targeters of those countries performed worse than non-inflation targeters. The growth decline in inflation targeters postcommunist economies has been estimated to be deeper by about four percentage points than that in non-inflation targeters. The study finds very limited role of the preconditions for growth decline. Only the lower amount of monetary financing of the budget may have contributed in inflation-targeting countries to have gone through the crisis better.

scholarly journals Russian economic policy: Challenges of growth

2018 ◽  
Vol 4 (2) ◽  
pp. 87-107 ◽  
Author(s):  
Vladimir Mau
Keyword(s):  
Economic Growth ◽  
Government Regulation ◽  
Inflation Targeting ◽  
Social Dynamics ◽  
Growth Stimulation ◽  
Russian Economy ◽  
Global Problems ◽  
Economic Trends ◽  
Key Topics

The paper discusses the main challenges of Russian economy at the turning period from contraction to growth. The analysis is based on comparison of global economic trends and special features of Russian performance. Among global problems, it concentrates on prospects of “non-inflation growth”, perspectives of global currencies and the role of cryptocurrencies, central banks independence and their role in economic growth stimulation, new tasks and patterns of government regulation, inequality and growth. In the Russian case, the key topics are prospects of macroeconomic stimulation of growth, inflation targeting, new fiscal rule, social dynamics and new challenges to welfare state. The paper concludes that the main obstacles for economic growth in Russia are concentrated in the non-economic area.

Sign in / Sign up

Export Citation Format

Share Document