 | Monetary Policy Transmission in Emerging Markets and Developing Economies Release Date:February, 2020 Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the more...
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| Intervention Under Inflation Targeting--When Could It Make Sense? Author/Editor: David J Hofman, Marcos d Chamon, Pragyan Deb, Thomas Harjes, Umang Rawat, Itaru Yamamoto. Release Date:January, 2020 We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the more...
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| Euro Area Monetary Policy in Uncharted Waters Author/Editor: Emil Stavrev, Thomas Harjes, Martin Cihak. Release Date:August, 2009 We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from more...
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| Does Global Liquidity Matter for Monetary Policy in the Euro Area? Author/Editor: Helge Berger, Thomas Harjes. Release Date:January, 2009 Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess more...
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| The ECB’s Monetary Analysis Revisited Author/Editor: Helge Berger, Thomas Harjes, Emil Stavrev. Release Date:July, 2008 Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion more...
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| A Bayesian-Estimated Model of Inflation Targeting in South Africa Author/Editor: Thomas Harjes, Luca Antonio Ricci. Release Date:February, 2008 This paper estimates a small dynamic macroeconomic model for the South African economy with Bayesian methods. The model is tailored to assessing the impact of domestic as well as external shocks on more...
| Price: $18.00
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| Globalization and Income Inequality : A European Perspective Author/Editor: Thomas Harjes. Release Date:July, 2007 There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in more...
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