What changes would be needed for the ECB to cut its rates further? According to our reaction function, three factors - or a combination of them - could lead to a cut in monetary…

PR ICE STAB I L I TY: WHY I S I T IMPORTANT FOR YOU ? 2 CONTENTS 1 2 3 4 5 BOXES 3.1 Measuring inflation – a simple example 26 3.2 The relationship between expected inflation…

Presentation title Communicating the meaning of indicators to decision makers, media and general public Round table discussion â Can communication save official statistics?…

The ECB vs. The Fed By: Kostas Konstantinou Rafael Vera Kanut Yang Shuo Zhang Introduction The purpose of this presentation is to give you a brief overview of the history,…

Slide 1 Monetary Policy Chapter 13, 14 Slide 2 Operating Instruments: Target Interest Rates On a day to day basis, central banks express their policy in terms of a single…

Slide 1 CENTRAL BANKS AND MONETARY POLICY STRATEGY ( Chap. 14; Chap 17, 434-444…454-457) Slide 2 2 Principles of Monetary Policy Strategy Pt. I. Why Price Stability? 1.…

Slide 1 Monetary Policy & Interest Rates Slide 2 Central Banks Slide 3 What is a central bank? Central banks began as banks to the government. Today controls the level…