Testing for the rationality of central bank interest rate forecasts
Sign Up to like & getrecommendations! Published in 2021 at "Empirical Economics"
DOI: 10.1007/s00181-021-02046-y
Abstract: In this paper, we study the bias in interest rate projections of five central banks, namely the central banks of the Czech Republic, New Zealand, Norway, Sweden, and the USA. We examine whether central bank… read more here.
Keywords: central banks; central bank; interest; rate forecasts ... See more keywords
Central banks' supervisory guidance on corporate governance and bank stability: Evidence from African countries
Sign Up to like & getrecommendations! Published in 2020 at "Emerging Markets Review"
DOI: 10.1016/j.ememar.2020.100694
Abstract: This paper focuses on the identification of the causal relationship between central banks' supervisory guidance and individual bank stability. We propose and test the hypothesis that this causal re ... read more here.
Keywords: banks supervisory; central banks; supervisory guidance; bank stability ... See more keywords
Should central banks communicate uncertainty in their projections?
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.11.013
Abstract: Abstract This paper provides original empirical evidence on the emerging practice by central banks of communicating uncertainty in their inflation projections. We compare the effects of point and density projections in a learning-to-forecast laboratory experiment… read more here.
Keywords: central banks; uncertainty; density; inflation ... See more keywords
The Bank of England, operational independence and the financial crisis
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DOI: 10.1057/s41293-018-00097-x
Abstract: The Bank of England played a key role in the management of the 2007–2008 financial crisis, a decade after being granted independence, and has since become an increasingly powerful monetary and financial actor. However, most… read more here.
Keywords: financial crisis; central banks; bank england; independence ... See more keywords
Monetary Reform, Central Banks, and Digital Currencies
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DOI: 10.1080/08911916.2019.1624317
Abstract: Abstract The modern debate about monetary reform has taken on a new twist with the development of private digital currencies employing distributed ledger payments technology. In order to consider the appropriate state response, we go… read more here.
Keywords: reform central; central banks; money; digital currencies ... See more keywords
Quantifying central banks’ scientization: why and how to do a quantified organizational history of economics
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economic Methodology"
DOI: 10.1080/1350178x.2018.1529216
Abstract: ABSTRACT A subset of research in the history of economics is organizational history – i.e. the study of the organizations producing, circulating and applying economic ideas. This article maintains that some research questions in organizational… read more here.
Keywords: research; central banks; history economics; organizational history ... See more keywords
Political Pressure on Central Banks
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12772
Abstract: I construct a quarterly dataset on political pressure faced by 118 central banks from 2010 to 2018 using country-level reports. I code whether each central bank is reportedly succumbing to pressure, resisting pressure, or not… read more here.
Keywords: pressure central; political pressure; pressure; central banks ... See more keywords
Climate Risks and Financial Stability: The Role of Central Banks and Implications for Russia
Sign Up to like & getrecommendations! Published in 2023 at "International Organisations Research Journal"
DOI: 10.17323/1996-7845-2023-01-09
Abstract: One of the key challenges of modern times is climate change, which is occurring at an unprecedented pace. This phenomenon also affects the financial system through increased risks. In response to rising financial risks, central… read more here.
Keywords: climate change; climate risks; climate; financial system ... See more keywords
The interaction between monetary and macroprudential policy: should central banks ‘lean against the wind’ to foster macro-financial stability?
Sign Up to like & getrecommendations! Published in 2018 at "Economics"
DOI: 10.5018/economics-ejournal.ja.2018-7
Abstract: Abstract The extensive harm caused by the financial crisis raises the question of whether policymakers could have done more to prevent the build-up of financial imbalances. This paper aims to contribute to the field of… read more here.
Keywords: policy; lean wind; central banks; stability ... See more keywords