Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
European Monetary Union faces tough decisions
anonymous (1997-10)
Economics Update , Issue Oct , Pages 5

Conference Paper
Commentary : should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
Edwards, Sebastian (2002)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
The world's newest currency
Wynne, Mark A. (1999-09)
Southwest Economy , Issue Sep , Pages 10

Journal Article
A look inside two central banks: the European Central Bank and the Federal Reserve
Pollard, Patricia S. (2003-01)
In 1998 the European Central Bank (ECB) became the world?s 173rd central bank. The Eurosystem, with its structure of national central banks and the ECB, is similar to the Federal Reserve System, with its District Banks and Board of Governors. However, important differences exist in the way the two systems operate. This article compares the organization and tasks of the two central banks by examining differences in their monetary policy frameworks, specifically focusing on the goals, tools, and policymaking process. In addition it examines the independence, accountability, and transparency of ...
Review , Volume 85 , Issue Jan , Pages 11-30

Journal Article
Legal structure, financial structure, and the monetary policy transmission mechanism
Cecchetti, Stephen G. (1999-07)
Among the many challenges facing the new Eurosystem - the European Central Bank and the central banks of the eleven members of the European Monetary Union - is the possibility that participating countries will respond differently to interest rate changes. This paper provides evidence that differences in financial structure are the proximate cause for these national asymmetries in monetary policy transmission and that these differences in financial structure are a result of differences in legal structure. The author concludes that unless legal structures are harmonized across Europe, the ...
Economic Policy Review , Volume 5 , Issue Jul , Pages 9-28

Journal Article
Monetary policy implementation: common goals but different practices
Martin, Antoine; Amstad, Marlene (2011-11)
While the goals that guide monetary policy in different countries are very similar, central banks diverge in their methods of implementing policy. This study of the policy frameworks of four central banks?the Federal Reserve, the European Central Bank, the Bank of England, and the Swiss National Bank?focuses on two notable areas of difference. The first is the choice of an interest rate target, a standard feature of conventional monetary policy. The second is the choice of instruments for managing the central banks? expanded balance sheets?a decision made necessary by the banks? ...
Current Issues in Economics and Finance , Volume 17 , Issue Nov

Conference Paper
Commentary : should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
Blinder, Alan S. (2002)
Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
An empirical comparison of Bundesbank and ECB monetary policy rules
Rogers, John H.; Wright, Jonathan H.; Faust, Jon (2001)
We estimate a monetary policy reaction function for the Bundesbank and use it as a benchmark to assess the monetary policy of the ECB since the launch of the euro in January 1999. We find that euro interest rates are low relative to this benchmark. We consider several possible reasons for this, including the divergence between core and headline inflation, inflation having turned out to be higher than could have been foreseen by the ECB and the possibility that the ECB is focussing only on macroeconomic conditions in a subset of member countries. We argue that these potential explanations ...
International Finance Discussion Papers , Paper 705

Journal Article
Beyond the border : Europe - risk and reward under monetary unification
Marion, Justin (1998-11)
Southwest Economy , Issue Nov , Pages 9-10

Report
The term structure of interest rates and its role in monetary policy for the European Central Bank
Estrella, Arturo; Mishkin, Frederic S. (1995)
This paper examines the relationship of the term structure of interest rates to monetary policy instruments and to subsequent real activity and inflation in both Europe and the United States. The results show that monetary policy is an important determinant of the term structure spread, but is unlikely to be the only determinant. In addition, there is significant predictive power for both real activity and inflation. The yield curve is thus a simple and accurate measure that should be viewed as one piece of useful information which, along with other information, can be used to help guide ...
Research Paper , Paper 9526

show more (4)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords