Arbeitspapier
Policy Rules and External Shocks
Presented at the workshop ''The conduct of monetary policy in open economies'' on 26-27 October 2000;The decade since 1990 has been a period of innovation in monetary policy. Around the world, many countries have adopted inflation targeting as their basic policy framework. Different countries have tried different techniques for achieving inflation targets, such as different choices of policy instruments. Most central banks use a short-term interest rate as their instrument, but some have experimented with "Monetary Conditions Indices" based on both interest rates and exchange rates. A rapidly-growing literature discusses the merits of different approaches to policy.
- ISBN
-
82-7553-179-9
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2001/3
- Classification
-
Wirtschaft
- Subject
-
monetary policy rules
monetary conditions index
exchange rates
- Event
-
Geistige Schöpfung
- (who)
-
Ball, Laurence
- Event
-
Veröffentlichung
- (who)
-
Norges Bank
- (where)
-
Oslo
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ball, Laurence
- Norges Bank
Time of origin
- 2001
Other Objects (12)
Government Spending Shocks and Rule-Of-Thumb Consumers: The Role of Steady State Inequality
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
Foreign Shocks
The Golden Interest Rule: Robust Simple Interest Rate Rules for the Norwegian Economy
Simple Monetary Policy Rules and Exchange Rate Uncertainty
Global and Regional Business Cycles. Shocks and Propagations
Multiple Unemployment Equilibria: Do Transitory Shocks Have Permanent Effects?
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
The Price Puzzle: Mixing the Temporary and Permanent Monetary Policy Shocks
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
Norwegen, 1 Krone
Government Spending Shocks and Rule-Of-Thumb Consumers: The Role of Steady State Inequality
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
Foreign Shocks
The Golden Interest Rule: Robust Simple Interest Rate Rules for the Norwegian Economy
Simple Monetary Policy Rules and Exchange Rate Uncertainty
Global and Regional Business Cycles. Shocks and Propagations
Multiple Unemployment Equilibria: Do Transitory Shocks Have Permanent Effects?
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
The Price Puzzle: Mixing the Temporary and Permanent Monetary Policy Shocks
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
Norwegen, 1 Krone
Government Spending Shocks and Rule-Of-Thumb Consumers: The Role of Steady State Inequality
Oil Price Shocks and Monetary Policy in a Data-Rich Environment
Foreign Shocks
The Golden Interest Rule: Robust Simple Interest Rate Rules for the Norwegian Economy
Simple Monetary Policy Rules and Exchange Rate Uncertainty
Global and Regional Business Cycles. Shocks and Propagations
Multiple Unemployment Equilibria: Do Transitory Shocks Have Permanent Effects?
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
The Price Puzzle: Mixing the Temporary and Permanent Monetary Policy Shocks
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country