Konferenzbeitrag

Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty

zu Verbundenen Objekten

In this study, 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 unconditional variance component of inflation in the framework of the semiparametric 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, if the conduct of monetary policy is rather ad-hoc than rule-based and in economies with a low degree of central bank independence.

Sprache
Englisch

Erschienen in
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Empirical Macro: Credibility, Ability, and Central Bank Reaction Functions ; No. B19-V2

Klassifikation
Wirtschaft
Central Banks and Their Policies
Studies of Particular Policy Episodes
Price Level; Inflation; Deflation

Ereignis
Geistige Schöpfung
(wer)
Hartmann, Matthias
Conrad, Christian
Ereignis
Veröffentlichung
(wer)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(wo)
Kiel und Hamburg
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:45 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.
Original beim Datenpartner anzeigen

Objekttyp

  • Konferenzbeitrag

Beteiligte

  • Hartmann, Matthias
  • Conrad, Christian
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Entstanden

  • 2014

Ähnliche Objekte (12)

Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty

Arbeitspapier

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

Cross-sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty

The macroeconomic effects of inflation uncertainty

Arbeitspapier

The macroeconomic effects of inflation uncertainty

The macroeconomic effects of inflation uncertainty

The macroeconomic effects of inflation uncertainty

Monetary Policy Uncertainty and Inflation Expectations

Artikel

Monetary Policy Uncertainty and Inflation Expectations

Monetary policy uncertainty and inflation expectations

Arbeitspapier

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?

Arbeitspapier

Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?

Uncertainty about perceived inflation target and monetary policy

Arbeitspapier

Uncertainty about perceived inflation target and monetary policy

Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds

Arbeitspapier

Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds

Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates

Arbeitspapier

Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates

Macroeconomic uncertainty and forecasting macroeconomic aggregates

Macroeconomic uncertainty and forecasting macroeconomic aggregates

Verbundene Objekte