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...Others again, like Issing, Vitor Gaspar, Ignazio Angeloni, and Oreste Tristani (2001) seem to try t...
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... Accounting in Korea Young Jun Chun 9984 Ignazio Angeloni Monetary Transmission in the Euro Anil K....
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This paper develops a generalization of the formulas proposed by Kuttner (2001) and others for purposes of measuring the effects of a change in the federal funds target on Treasury yields of different maturities. The generalization avoids the need to condition on the date of the target change and allows for deviations of the effective fed funds rate from the target as well as gradual learning by market participants about the target. The paper shows that parameters estimated solely on the basis of the behavior of the fed funds and fed funds futures can account for the broad calendar regularities in the relation between fed funds futures and Treasury yields of different maturities. Although the methods are new, the conclusion is quite similar to that reported by earlier researcherschanges...
... Rate Targets, and the Term Structure," in Ignazio Angeloni and Riccardo Rovelli, eds., Monetary Poli...
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...Ignazio Angeloni and Benoit Mojon, European Central Bank; ...
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.... ISSING, OTMAR, VICTOR GASPAR, IGNAZIO ANGELONI, and ORESTE TRISTANI. Monetary Policy in ...
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... Alesina, NBER and Harvard University, Ignazio Angeloni, European Central Bank, and Federico Etro...
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...Discussants: Ignazio Angeloni, European Central Bank, and William Dupor...
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On the premise that effective communication is even more crucial near price stability, Ben S. Bernanke focuses on how an incremental move toward inflation targeting, in the form of the announcement of a long-run inflation objective, might help the Fed communicate better and perhaps improve policy decisions as well, without the costs feared by those concerned about a potential loss of flexibility. In the course of the 1990s the inflation-targeting framework for the conduct of monetary policy has become popular among central banks and academics. Otmar Issing highlights some of what he thinks are the distinguishing features and possible pitfalls of this approach. He then draws comparisons with the European Central Bank's (ECB) monetary policy strategy, also in the light of the ECB's clarif...
...15-36. Issing, Otmar; Caspar, Vitor; Angeloni, Ignazio and Tristani, Oreste. Monetary Policy in ...