Results 1 - 2 of 2 for Federal Funds Rate [Author: Jürgen von Hagen]
Monetary Targeting with Exchange Rate Constraints: The Bundesbank in the 1980's - Review
Jurgen von Hagen examines the German central bank’s experience with international exchange rate policies and domestic monetary control. The author reviews recent research, which finds that the Bundesbank’s ability to achieve its monetary targets has been unhindered by its coordinated exchange rate policies.
Does Inflation Targeting Matter? - Review
This article examines the changes of short-term interest rates and of consumer price inflation and output gaps at different frequencies and shows that inflation targeting has reduced short-term variability in central bank interest rates and in headline inflation. The authors interpret this as evidence that inflation targeting has induced central banks to pay less attention to short-run news and noise and adopt a steadier course of monetary policy.
research.stlouisfed.org/publications/review/2002/07/01/does-inflation-targeting-matter
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