Speculation and Price Stability: A Note

1966 ◽  
Vol 74 (2) ◽  
pp. 206-207 ◽  
Author(s):  
B. S. Yamey
Keyword(s):  
Price Stability

The long-run stability of a small, open economy under crawling peg regime

2002 ◽  
Vol 52 (1) ◽  
pp. 57-78
Author(s):  
S. Çiftçioğlu
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Risk Premium ◽  
Small Open Economy ◽  
Exchange Rate Policy ◽  
Price Stability ◽  
Output Stability ◽  
Long Run ◽  
The Exchange Rate ◽  
The Impact

The paper analyses the long-run (steady-state) output and price stability of a small, open economy which adopts a “crawling-peg” type of exchange-rate regime in the presence of various kinds of random shocks. Analytical and simulation results suggest that with the exception of money demand shocks, an exchange rate policy which involves a relatively higher rate of indexation of the exchange rate to price level is likely to lead to the worsening of price stability for all types of shocks. On the other hand, the impact of adopting such a policy on output stability depends on the type of the shock; for policy shocks to the exchange rate and shocks to output demand, output stability is worsened whereas for the shocks to risk premium of domestic assets, supply price of domestic output and the wage rate, better output stability is achieved in the long run.

Towards Price Stability in Tanzania During Economic Reforms: Does Fiscal Discipline Matter?

2012 ◽  
Author(s):  
Michael O. A. Ndanshau ◽  
Flaviana P. Nyasebwa
Keyword(s):  
Economic Reforms ◽  
Price Stability ◽  
Fiscal Discipline

Some Costs and Benefits of Price Stability in the U.K.

1998 ◽  
Author(s):  
Hasan Bakhshi ◽  
Andrew Haldane ◽  
Neal Hatch
Keyword(s):  
Price Stability ◽  
Costs And Benefits

Price Stability and Monetary Expansion: An Impirical Study

1972 ◽  
Vol 14 (2) ◽  
pp. 177
Author(s):  
P. R. Rao ◽  
Balbir Singh
Keyword(s):  
Price Stability ◽  
Monetary Expansion

On the Evolution of Money and its Implications for Price Stability

2000 ◽  
Vol 14 (4) ◽  
pp. 373-393 ◽  
Author(s):  
Paul Dalziel
Keyword(s):  
Price Stability

Towards Full Employment and Price Stability.

1978 ◽  
Vol 10 (3) ◽  
pp. 396
Author(s):  
Donald R. Hodgman ◽  
Paul McCracken ◽  
Guido Carli ◽  
Herbert Giersch ◽  
Attila Karaosmanoglu ◽  
...  
Keyword(s):  
Full Employment ◽  
Price Stability

scholarly journals A historical analysis of central bank independence in Latin America: the Colombian experience, 1923-2008

2010 ◽  
Vol 28 (1) ◽  
pp. 83-102 ◽  
Author(s):  
Adolfo Meisel ◽  
Juan D. Barón
Keyword(s):  
Latin America ◽  
Central Bank ◽  
Historical Analysis ◽  
Central Bank Independence ◽  
Price Stability ◽  
Monetary Policies ◽  
The Relationship

AbstractThis paper explores the relationship between central bank independence and inflation in Latin America, using the experience of Colombia (1923-2008) as a case study. Since its creation, in 1923, Colombia’s central bank has undergone several reforms that have changed its objectives and degree of independence. Between 1923 and 1951, it was private and independent, with a legal commitment to price stability. In 1962, monetary responsibilities were divided between a government-dominated monetary board, in charge of monetary policies, and the central bank, which carried them out. In the early 1990s, the bank recovered its independence and its focus on price stability. Inflation varied substantially during these subperiods. Our analysis suggests that the central bank independence, combined with a commitment to price stability, renders the best results in terms of price stability.

The permanent income hypothesis and short-run price stability

1980 ◽  
Vol 23 (3) ◽  
pp. 323-333 ◽  
Author(s):  
Truman Bewley
Keyword(s):  
Permanent Income ◽  
Price Stability ◽  
Permanent Income Hypothesis ◽  
Short Run
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