scholarly journals Central Bankers as Supervisors: Do Crises Matter?

2015 ◽  
Author(s):  
Donato Masciandaro ◽  
Davide Romelli
Keyword(s):  
Central Bankers

Central Bankers in Government Appointed Committees

2007 ◽  
Author(s):  
Marcela Eslava
Keyword(s):  
Central Bankers

Stock Markets and Central Bankers: The Economic Consequences of Alan Greenspan

2002 ◽  
Author(s):  
Stephen H. Wright ◽  
Andrew R.W. Smithers
Keyword(s):  
Stock Markets ◽  
Economic Consequences ◽  
Central Bankers

Should Central Bankers Talk to the Foreign Exchange Market?

2004 ◽  
Author(s):  
Michel A. R. Beine ◽  
Christelle Lecourt ◽  
Gust Janssen
Keyword(s):  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Exchange Market ◽  
Central Bankers

Central Bankers: The Alchemists of our Time

The Big Reset ◽  
2015 ◽  
pp. 48-62
Keyword(s):  
Central Bankers

scholarly journals South Africa’s economic response to monetary policy uncertainty

2017 ◽  
Vol 44 (2) ◽  
pp. 282-293 ◽  
Author(s):  
Mehmet Balcilar ◽  
Rangan Gupta ◽  
Charl Jooste
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Stochastic Volatility ◽  
Stochastic Volatility Model ◽  
Economic Consequences ◽  
Policy Uncertainty ◽  
Dsge Model ◽  
Content Type ◽  
Volatility Model ◽  
Central Bankers

Purpose The purpose of this paper is to study the evolution of monetary policy uncertainty and its impact on the South African economy. Design/methodology/approach The authors use a sign restricted SVAR with an endogenous feedback of stochastic volatility to evaluate the sign and size of uncertainty shocks. The authors use a nonlinear DSGE model to gain deeper insights about the transmission mechanism of monetary policy uncertainty. Findings The authors show that monetary policy volatility is high and constant. Both inflation and interest rates decline in response to uncertainty. Output rebounds quickly after a contemporaneous decrease. The DSGE model shows that the size of the uncertainty shock matters – high uncertainty can lead to a severe contraction in output, inflation and interest rates. Research limitations/implications The authors model only a few variables in the SVAR – thus missing perhaps other possible channels of shock transmission. Practical implications There is a lesson for monetary policy: monetary policy uncertainty, in isolation from general macroeconomic uncertainty, often creates unintended adverse consequences and can perpetuate a weak economic environment. The tasks of central bankers are incredibly difficult. Their models project output and inflation with relatively large uncertainty based on many shocks emanating from various sources. It matters how central bankers react to these expectations and how they communicate the underlying risks associated with setting interest rates. Originality/value This is the first study that looks into monetary policy uncertainty into South Africa using a stochastic volatility model and a nonlinear DSGE model. The results should be very useful for the Central Bank as it highlights how uncertainty, that they create, can have adverse economic consequences.

scholarly journals Serving three masters: Optimal monetary and regulatory policies when central bankers have career concerns

2021 ◽  
Vol 75 (3) ◽  
Author(s):  
Alexandre F. Damo ◽  
Marcelo de C. Griebeler
Keyword(s):  
Career Concerns ◽  
Regulatory Policies ◽  
Central Bankers

scholarly journals Juliet Johnson, Priests of Prosperity. How Central Bankers Transformed the Postcommunist World

OEconomia ◽  
2016 ◽  
pp. 579-584
Author(s):  
Adrien Faudot
Keyword(s):  
Central Bankers

Central Bankers in the Minsky Moment: How Different Central Banks Have Responded to the Threat of Debt-Deflation

2008 ◽  
Vol 5 (1) ◽  
pp. 139-148 ◽  
Author(s):  
Robert W. Dimand ◽  
Robert H. Koehn
Keyword(s):  
Central Banks ◽  
Central Bankers ◽  
Debt Deflation

scholarly journals Measuring Short-Run Inflation for Central Bankers

10.3386/w5786 ◽  
1996 ◽  
Author(s):  
Stephen Cecchetti
Keyword(s):  
Short Run ◽  
Central Bankers
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