Central Banking: Perspectives from Emerging Economies

For the domestic monetary policy surprises in Norway and Sweden, the rescaling of the factors occurs in the same fashion as for the European factors: the target factor is rescaled to

Thus we normally separate pure monetary policy, in which the Central Bank has had independence delegated to it, from financial stability where decisions need to be taken

We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic and Norway

The International Journal of Central Banking (IJCB) is organizing its 2019 annual conference, “Commodity Prices and Monetary Policy: New Theory and Evidence.” The conference will

Monetary policy has underpinned fiscal policy measures. Policy rates were reduced where possible. Moreover, unconventional monetary policy, such as asset purchases, was stretched

Bank of Brazil, Inflation Report, September 2002 Bank of Canada, Monetary Policy Report, October 2002 Bank of Chile, Monetary Policy Report, September 2002 Bank of England,

First, we find that the optimized augmented monetary policy rules, in particular, the policy rate specifications that respond to the real exchange rate, asset prices and credit

So, while the international trilemma – the fact that a country cannot simultaneously pursue full monetary autonomy, exchange rate stability and financial openness -- constrains