Search for dissertations about: "Central bank policy"
Showing result 1 - 5 of 34 swedish dissertations containing the words Central bank policy.
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1. Determinants and Effects of Central Bank Independence Reforms
Abstract : This thesis consists of four empirically oriented papers on central bank independence (CBI) reforms. Paper [1] is an investigation of why politicians around the world have chosen to give up power to independent central banks, thereby reducing their ability to control the economy. READ MORE
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2. Central bank power: a matter of coordination rather than money supply
Abstract : After an introductory chapter, the hypothesis is made in chapter two: that central bank power to control the rate of inflation rests on the bank’s ability to achieve a role as a focal point for inflation. Inflation is a measure of changes in the general price level, the price level is an index of individual prices, and to predict future price levels is thus to predict future prices on individual items. READ MORE
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3. Essays on monetary policy
Abstract : This thesis consists of four papers investigating different aspects of the interaction between monetary policy and expectations.Price-Level Targeting Versus Inflation Targeting in a Forward-Looking Model examines a price-level target in a model with a forward-looking Calvo-Taylor Phillips curve. READ MORE
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4. Essays on the political economy of central bank policy
Abstract : This thesis consists of four independent essays, summarized below.In "Optimal Inflation Targets, Inflation Contracts and Political Cycles", we show that inflation contracts and inflation targets can eliminate both the inflation bias and politically induced variance, if electoral uncertainty merely is due to different preferences. READ MORE
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5. Expectations, Uncertainty, and Monetary Policy
Abstract : Essay 1 - To evaluate measures of expectations I examine and compare some of the most common methods for capturing expectations: the futures method which utilizes financial market prices, the VAR forecast method, and the survey method. I study average expectations on the Federal funds rate target, and the main findings can be summarized as follows: i) the survey measure and the futures measure are highly correlated; the correlation coefficient is 0. READ MORE