scholarly journals A Cross-Country Analysis of Monetary Policy Effects on Prices

2015 ◽  
Author(s):  
Bruno Coric ◽  
Lena Maleeevii Perovii ◽  
Vladimir Simic
Keyword(s):  
Monetary Policy ◽  
Policy Effects ◽  
Country Analysis ◽  
Cross Country

scholarly journals Has Monetary Policy Become More Efficient? A Cross Country Analysis

2004 ◽  
Author(s):  
Stephen Cecchetti ◽  
Alfonso Flores-Lagunes ◽  
Stefan Krause
Keyword(s):  
Monetary Policy ◽  
Country Analysis ◽  
Cross Country

scholarly journals Has Monetary Policy Become More Efficient? A Cross‐Country Analysis

2006 ◽  
Vol 116 (511) ◽  
pp. 408-433 ◽  
Author(s):  
Stephen G. Cecchetti ◽  
Alfonso Flores‐Lagunes ◽  
Stefan Krause
Keyword(s):  
Monetary Policy ◽  
Country Analysis ◽  
Cross Country

Impact of external currency exposures on macroeconomic policies

2020 ◽  
pp. 23-40
Author(s):  
I. V. Prilepskiy
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Positive Impact ◽  
Exchange Rate Regime ◽  
Macroeconomic Policies ◽  
Panel Regressions ◽  
Financial Account ◽  
Currency Exposure ◽  
Cross Country ◽  
The Impact

Based on cross-country panel regressions, the paper analyzes the impact of external currency exposures on monetary policy, exchange rate regime and capital controls. It is determined that positive net external position (which, e.g., is the case for Russia) is associated with a higher degree of monetary policy autonomy, i.e. the national key interest rate is less responsive to Fed/ECB policy and exchange rate fluctuations. Therefore, the risks of cross-country synchronization of financial cycles are reduced, while central banks are able to place a larger emphasis on their price stability mandates. Significant positive impact of net external currency exposure on exchange rate flexibility and financial account liberalization is only found in the context of static models. This is probably due to the two-way links between incentives for external assets/liabilities accumulation and these macroeconomic policy tools.

Monetary policy regimes in Russia: Guidelines for furtherquantitative studies

2017 ◽  
pp. 38-60 ◽  
Author(s):  
A. Pestova
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Quantitative Research ◽  
Policy Regimes ◽  
Policy Effects ◽  
Exchange Rate Targeting ◽  
Basic Parameters

This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.

Sign in / Sign up

Export Citation Format

Share Document