Advanced search options

Advanced Search Options 🞨

Browse by author name (“Author name starts with…”).

Find ETDs with:

in
/  
in
/  
in
/  
in

Written in Published in Earliest date Latest date

Sorted by

Results per page:

Sorted by: relevance · author · university · dateNew search

You searched for subject:(Anchoring inflation). Showing records 1 – 2 of 2 total matches.

Search Limiters

Last 2 Years | English Only

No search limiters apply to these results.

▼ Search Limiters


Freie Universität Berlin

1. Hanoma, Ahmed Ragab Elsaid Abdelhamid. Three Essays on Monetary Economics.

Degree: 2019, Freie Universität Berlin

This thesis consists of three chapters. A common theme across these chapters is to understand and evaluate the dynamics of inflation and expectations. In the following, the results of the individual chapters are presented. Chapter 1: Anchoring Inflation Expectations From Below: New Evidence From the European Commission's Consumer Survey Inflation rates in the euro-area member states have been remarkably low in the aftermath of the global financial crisis. This chapter investigates the effects of this evolution in the inflation environment on the degree of consumers' inflation expectations anchoring. For that, we propose a new anchoring measure based on the aggregate qualitative expectations answers from the European Commission's consumer survey. Our indicator reveals a significant heterogeneity across euro-area countries. Therefore, we employ panel regressions to test the extent to which consumers' expectations are well anchored by comparing across various inflation environments. We find that the degree of anchoring is particularly weak when inflation is below the ECB price stability target. The deviations of inflation from the target only exerts a negative impact on the anchoring degree of consumers' expectations when inflation is low or persistently so. For the European Central Bank, this alerts that the degree of consumers' anchoring has deteriorated in the recent period of low inflation than was the case when inflation rates were more often around the price stability target across the euro area. Chapter 2: The Information Content of Market-Based Measures for the Long-Term Inflation Expectations of Professionals: Evidence from a MIDAS Analysis Long-term inflation expectations taken from the Survey of Professional Forecasters are a major source of information for monetary policy. Unfortunately, they are published only on a quarterly basis. This chapter investigates the daily information content of market-based measures, such as inflation-linked swaps and breakeven inflation rates, for the next survey outcome. Using a Mixed Data Sampling approach, we establish that professional forecasters account for the daily dynamics of market-based measures when they submit their long-term inflation expectations. We propose a daily indicator of professionals' expectations which outperforms alternative indicators that ignore the high-frequency dynamics of market-based measures. To illustrate the usefulness of the new indicator, we provide new evidence on the (re-)anchoring of U.S. inflation expectations. Chapter 3: Whither Egypt Monetary Policy? An Analysis of the Post 2005 Progressions A review of the monetary business-cycle literature on Egypt reveals several anomalies with respect to the effectiveness, direction, and magnitude, of various monetary transmission mechanisms, such as interest rate and exchange rate. This chapter models Egypt's monetary policy during the transition period to explicit inflation targeting in the last decade while directly consider the foreign component of that policy which has been… Advisors/Committee Members: male (gender), Nautz, Dieter (firstReferee), Winkelmann, Lars (furtherReferee).

Subjects/Keywords: Monetary Policy; Inflation Expectations; Expectations Anchoring; 300 Social sciences::330 Economics::339 Macroeconomics and related topics

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Hanoma, A. R. E. A. (2019). Three Essays on Monetary Economics. (Thesis). Freie Universität Berlin. Retrieved from http://dx.doi.org/10.17169/refubium-2878

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Hanoma, Ahmed Ragab Elsaid Abdelhamid. “Three Essays on Monetary Economics.” 2019. Thesis, Freie Universität Berlin. Accessed December 12, 2019. http://dx.doi.org/10.17169/refubium-2878.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Hanoma, Ahmed Ragab Elsaid Abdelhamid. “Three Essays on Monetary Economics.” 2019. Web. 12 Dec 2019.

Vancouver:

Hanoma AREA. Three Essays on Monetary Economics. [Internet] [Thesis]. Freie Universität Berlin; 2019. [cited 2019 Dec 12]. Available from: http://dx.doi.org/10.17169/refubium-2878.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Hanoma AREA. Three Essays on Monetary Economics. [Thesis]. Freie Universität Berlin; 2019. Available from: http://dx.doi.org/10.17169/refubium-2878

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

2. Ba, Adama. Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries.

Degree: Docteur es, Sciences économiques, 2015, Toulon

La réalisation et le maintien de la crédibilité de la politique monétaire, évaluée par l'écart entre les résultats et les annonces officielles de politique (Gilles [1992]), est devenue une tâche cruciale pour l'Autorité monétaire, lorsque, à partir des années 1980, il a été abordée, dans la littérature économique, la question du central banking (Gilles & Bastidon [2014], Ferguson et Schularick [2008]). Bien que les avantages de la crédibilité soient évidents, ses déterminants le sont moins. En effet, les dernières décennies sont marquées par de profondes mutations dans la gouvernance des Banques Centrales. En particulier, la délégation de la politique monétaire à une Banque Centrale indépendante vis-à-vis des pouvoirs publics est devenue un des principaux déterminants de la crédibilité dans les économies avancées (Goodfriend [2012]; Bordo & Orphanides [2013]; Persson & Tabellini, [1993]). Cependant, pour les Pays en développement, en revanche, le débat sur la nécessité et la faisabilité des mécanismes d'engagement n’est pas tranché, eu égards des caractéristiques spécifiques (Kugman & al [1992], Assoumou-Ella & Bastidon [2015]). En utilisant un modèle simple et une fonction de perte de la banque centrale similaire à celles de Ball [1999] ou Cavoli [2008], nous comparons deux régimes de change différents afin de déterminer lequel des cas est le plus susceptible d'inciter les gouvernements à intensifier la lutte contre la corruption, tout en maintenant l’objectif de stabilité des prix. Un régime d’ancrage crédible conduit à une taxation élevée et un faible niveau de corruption et d’inflation, mais également à un niveau de croissance faible. Un régime monétaire indépendant sans ancrage, en revanche, conduit généralement à un niveau de corruption plus élevée. Cependant, lorsque l’indépendance de la banque centrale est assez forte, le régime monétaire indépendant sans ancrage peut également conduire à moins de corruption, plus de production et de dépenses publiques, bien qu’avec une inflation plus élevée qu’un régime monétaire avec ancrage. Ces résultats semblent indiquer que dans le cas des Pays en développement, l’indépendance de la banque centrale associée à l’ancrage du taux de change ne serait ni une condition nécessaire, ni une condition suffisante à la stabilité des prix.

Achieving and maintaining the credibility of monetary policy, measured by the gap between outcomes and official announcements of policy (Gilles [1992]), has become a crucial task for the Monetary Authority when, from the 1980s, was tackled in the economic literature, the issue of central banking (Bastidon & Gilles [2014]). Indeed, the delegation of monetary policy to an independent central bank vis-à-vis the public authority has become a main determinant of credibility in advanced economies (Cukierman [1992], Bordo & Orphanides [2013]). However, its relevance for developing countries due to their specific characteristics (Kugman & al [1992], Assoumou-Ella & Bastidon [2015]) is far from being settled. Using a simple model and a loss of function…

Advisors/Committee Members: Gilles, Philippe (thesis director).

Subjects/Keywords: Crédibilité de la politique monétaire; Indépendance de la Banque Centrale; Ancrage d'inflation; Qualité des institutions; Ciblage d'inflation; Crises financières; Monetary policy credibility; Central Bank independance; Institutional quality; Anchoring inflation; Developing countries; Inflation targering; Inflation crisis; 332

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Ba, A. (2015). Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries. (Doctoral Dissertation). Toulon. Retrieved from http://www.theses.fr/2015TOUL2012

Chicago Manual of Style (16th Edition):

Ba, Adama. “Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries.” 2015. Doctoral Dissertation, Toulon. Accessed December 12, 2019. http://www.theses.fr/2015TOUL2012.

MLA Handbook (7th Edition):

Ba, Adama. “Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries.” 2015. Web. 12 Dec 2019.

Vancouver:

Ba A. Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries. [Internet] [Doctoral dissertation]. Toulon; 2015. [cited 2019 Dec 12]. Available from: http://www.theses.fr/2015TOUL2012.

Council of Science Editors:

Ba A. Les déterminants de la crédibilité et de la réputation des Banques centrales et de la politique monétaire : une analyse de la littérature et une application aux pays en développement : Determinants of credibility and reputation of central banks and monetary policy : an analysis of literature and application to developing countries. [Doctoral Dissertation]. Toulon; 2015. Available from: http://www.theses.fr/2015TOUL2012

.