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Central Bank Financial Strength, Transparency, and Policy Credibility

Central Bank Financial Strength, Transparency, and Policy Credibility »

Source: Central Bank Financial Strength, Transparency, and Policy Credibility

Volume/Issue: 2002/137

Series: IMF Working Papers

Author(s): Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

ISBN: 9781451855920

Keywords: Central bank losses, credibility, central bank, inflation, monetary fund, monetary policy

A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be de...

Central Bank Losses and Experiences in Selected Countries

Central Bank Losses and Experiences in Selected Countries »

Source: Central Bank Losses and Experiences in Selected Countries

Volume/Issue: 2005/72

Series: IMF Working Papers

Author(s): Claudia Dziobek , and John Dalton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451860917

Keywords: central bank balance sheet, central bank losses, central bank, monetary fund, national bank, government securities, International Lending and Debt Problems,

Under normal circumstances, a central bank should be able to operate at a profit with a core level of earnings derived from seigniorage. Losses have, however, arisen in several central banks from a range of activit...

Designing a Simple Loss Function for Central Banks

Designing a Simple Loss Function for Central Banks »

Source: Designing a Simple Loss Function for Central Banks : Does a Dual Mandate Make Sense?

Volume/Issue: 2017/164

Series: IMF Working Papers

Author(s): Davide Debortoli , Jinill Kim , Jesper Lindé , and Ricardo Nunes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

ISBN: 9781484309278

Keywords: Central banks and their policies, Central banks' objectives, simple loss function, monetary policy design, sticky prices and sticky wages, DSGE models, Central banks&;amp;#x2019; objectives, Time-Series Models

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple l...

Central Bank Financial Strength, Transparency, and Policy Credibility

Central Bank Financial Strength, Transparency, and Policy Credibility »

Volume/Issue: 2002/137

Series: IMF Working Papers

Author(s): Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2002

DOI: http://dx.doi.org/10.5089/9781451855920.001

ISBN: 9781451855920

Keywords: Central bank losses, credibility, central bank, inflation, monetary fund, monetary policy

A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be de...

Central Bank Losses and Experiences in Selected Countries

Central Bank Losses and Experiences in Selected Countries »

Volume/Issue: 2005/72

Series: IMF Working Papers

Author(s): Claudia Dziobek , and John Dalton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

DOI: http://dx.doi.org/10.5089/9781451860917.001

ISBN: 9781451860917

Keywords: central bank balance sheet, central bank losses, central bank, monetary fund, national bank, government securities, International Lending and Debt Problems,

Under normal circumstances, a central bank should be able to operate at a profit with a core level of earnings derived from seigniorage. Losses have, however, arisen in several central banks from a range of activit...

Designing a Simple Loss Function for Central Banks
			: Does a Dual Mandate Make Sense?

Designing a Simple Loss Function for Central Banks : Does a Dual Mandate Make Sense? »

Volume/Issue: 2017/164

Series: IMF Working Papers

Author(s): Davide Debortoli , Jinill Kim , Jesper Lindé , and Ricardo Nunes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2017

DOI: http://dx.doi.org/10.5089/9781484309278.001

ISBN: 9781484309278

Keywords: Central banks and their policies, Central banks' objectives, simple loss function, monetary policy design, sticky prices and sticky wages, DSGE models, Central banks&;amp;#x2019; objectives, Time-Series Models

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple l...