International experiences with different monetary policy regimes

Article Abstract:

An analysis of international experiences with various monetary policy regimes, namely, monetary targeting, exchange-rate targeting, implicit monetary policy and inflation targeting, indicate that accountability and transparency are imperative in producing desirable results. This is so because challenges usually occur in the way transparency and accountability are achieved. History, political, cultural and economic traditions determine the kind of monetary policy strategy that would suit a certain country.

Administration of General Economic Programs, Currency Stabilization Programs, Research, Economic policy, Currency stabilization

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Is there a role for monetary aggregates in the conduct of monetary policy?

Article Abstract:

The role of monetary aggregates is applied in analysing empirical relationships to determine its potential policy role. The role as information variables will presuppose some information content in the aggregates. Empirical evidence suggests that since 1979, the monetary aggregates lack those requirements in the US. Results with German M3 were hardly more favorable for the use of M3 as an information variable.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Usage, Macroeconomics

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Is the Fisher effect for real? A reexamination of the relationship between inflation and interest rates

Article Abstract:

An analysis of the relationship between interest rates and inflation is presented. The analysis focuses on the Fisher effect, which details a correlation between the two given variables over certain periods of time. It isshown that short-run analysis does not apply to the studied effect. However, a strong Fisher effect is observed for situations where inflation and interest rates exhibit trends.

Interest rates, Inflation (Economics)

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