An empirical analysis of the changing role of the German Bundesbank after 1983
Article Abstract:
The impact of the German Bundesbank's monetary operations on price inflation are examined during the period 1975:2-1994:4. The presupposition that price inflation is the effect of monetary regulations is experimentally and experientially reinforced by data from the sampling period before 1983 more than data during the period after 1983. This is due to the manageability of the money stock in the former period. Also, contraction or expansion of the stock exerts predictable results on interest rates, income and prices.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 1996
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Do High Interest Rates Appreciate Exchange Rates During Crisis? The Korean Evidence
Article Abstract:
This paper discusses both the traditional view on the effect of high interest rates on the exchange rate during a financial crisis, i.e., the nominal exchange rate appreciates, as opposed to the revisionists' view, i.e., the high rate weakens the currency. In South Korea, the traditional view prevailed during its financial crisis.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 2001
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Interest rate feedback rules in an open economy with forward looking inflation
Article Abstract:
A new, more complicated model is developed to explain how price and inflation targeting feedback works. This new model indicates that an economic shock can affect the way the rules operate, and it shows the importance of the method used to define inflation.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 2001
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