Arbeitspapier
Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
We examine how the interaction between monetary policy and macroeconomic conditions affects inflation uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving long-term variance component of inflation in the framework of the Spline-GARCH model (Engle and Rangel, 2008). For a cross-section of 13 developed economies, we find that long-term inflation uncertainty is high if central bank governors are perceived as less inflation-averse and if the conduct of monetary policy is ad-hoc rather than rule-based.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series ; No. 574
- Klassifikation
-
Wirtschaft
- Thema
-
Inflation uncertainty
Central banking
Spline-GARCH
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Conrad, Christian
Hartmann, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Heidelberg, Department of Economics
- (wo)
-
Heidelberg
- (wann)
-
2014
- DOI
-
doi:10.11588/heidok.00017534
- Handle
- URN
-
urn:nbn:de:bsz:16-heidok-175344
- Letzte Aktualisierung
- 10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Conrad, Christian
- Hartmann, Matthias
- University of Heidelberg, Department of Economics
Entstanden
- 2014
Ähnliche Objekte (12)
Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
The macroeconomic effects of inflation uncertainty
The macroeconomic effects of inflation uncertainty
Monetary Policy Uncertainty and Inflation Expectations
Monetary policy uncertainty and inflation expectations
Monetary Policy Uncertainty and Inflation Expectations
Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?
Uncertainty about perceived inflation target and monetary policy
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds
Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates
Macroeconomic uncertainty and forecasting macroeconomic aggregates
Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
The macroeconomic effects of inflation uncertainty
The macroeconomic effects of inflation uncertainty
Monetary Policy Uncertainty and Inflation Expectations
Monetary policy uncertainty and inflation expectations
Monetary Policy Uncertainty and Inflation Expectations
Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?
Uncertainty about perceived inflation target and monetary policy
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds
Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates
Macroeconomic uncertainty and forecasting macroeconomic aggregates
Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty
The macroeconomic effects of inflation uncertainty
The macroeconomic effects of inflation uncertainty
Monetary Policy Uncertainty and Inflation Expectations
Monetary policy uncertainty and inflation expectations
Monetary Policy Uncertainty and Inflation Expectations
Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?
Uncertainty about perceived inflation target and monetary policy
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds
Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates