What Bird is That? Central Banking and Monetary Policy in the Last Forty Years

Masciandaro, Donato

doi:10.2139/ssrn.3518369

SSRN Journal

2020

DOI: 10.2139/ssrn.3518369

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What Bird is That? Central Banking and Monetary Policy in the Last Forty Years

Donato Masciandaro

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2022

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Cited by 2 publications

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“…See also Dalla Pellegrina, Masciandaro, and Pansini (2013). For a comprehensive review of the developments in monetary policy see Masciandaro (2020).…”

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confidence: 99%

Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach

Lima¹,

Gabriel²,

Lazopoulos³

2022

J of Money Credit Banking

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The paper investigates whether the institutional arrangements that determine the conduct of monetary and prudential policies influence policymakers' actions in pursuing their designated mandates. Employing recently developed dynamic heterogeneous panel methods and using data for 25 industrialized countries from 1960 to 2018, we empirically assess whether central banks' main objective of inflation stability is compromised when assigned with both policy mandates manifested as inflation bias. Our results show that, once we appropriately control for relevant policy and institutional factors, the separation of macroprudential regulation and monetary policy does not have a significant effect on inflation outcomes.

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“…See also Dalla Pellegrina, Masciandaro, and Pansini (2013). For a comprehensive review of the developments in monetary policy see Masciandaro (2020).…”

mentioning

confidence: 99%

Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach

Lima¹,

Gabriel²,

Lazopoulos³

2022

J of Money Credit Banking

View full text Add to dashboard Cite

show abstract

Abordări comportamentale asupra politicilor fiscale și monetare, Partea întâi (Behavioral Approaches to Fiscal and Monetary Policies, Part 1)

Dumitriu¹,

Ştefanescu²

2022

SSRN Journal

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What Bird is That? Central Banking and Monetary Policy in the Last Forty Years

Cited by 2 publications

References 301 publications

Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach

Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach

Abordări comportamentale asupra politicilor fiscale și monetare, Partea întâi (Behavioral Approaches to Fiscal and Monetary Policies, Part 1)

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