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Central bank structure, policy efficiency, and macroeconomic performance: exploring empirical relationships

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Author Info
Stephen G. Cecchetti
Stefan Krause

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Abstract

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File URL: http://research.stlouisfed.org/publications/review/02/07/47-60Cecchetti.pdf
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Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2002)
Issue (Month): Jul ()
Pages: 47-60
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Handle: RePEc:fip:fedlrv:y:2002:i:jul:p:47-60:n:v.84no.4

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Keywords: Monetary policy ; Banks and banking; Central;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Stephen G. Cecchetti & Michael Ehrmann, 1999. "Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes," NBER Working Papers 7426, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Taylor, John B, 1979. "Estimation and Control of a Macroeconomic Model with Rational Expectations," Econometrica, Econometric Society, vol. 47(5), pages 1267-86, September. [Downloadable!] (restricted)
  3. Lars E.O. Svensson, 1999. "How should monetary policy be conducted in an era of price stability?," Proceedings, Federal Reserve Bank of Kansas City, pages 195-259. [Downloadable!]
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  4. Georgios Chortareas & David Stasavage & Gabriel Sterne, . "Does it pay to be transparent? International evidence from central bank forecasts," Bank of England working papers 143, Bank of England. [Downloadable!]
    Other versions:
  5. Stefan Krause, 2003. "Measuring Monetary Policy Efficiency in European Union Countries: The Pre-EMU years," Emory Economics 0311, Department of Economics, Emory University (Atlanta). [Downloadable!]
    Other versions:
  6. Alberto Alesina, 1988. "Macroeconomics and Politics," NBER Chapters, in: NBER Macroeconomics Annual 1988, Volume 3, pages 13-62 National Bureau of Economic Research, Inc. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Marc-André Gosselin, 2007. "Central Bank Performance under Inflation Targeting," Working Papers 07-18, Bank of Canada. [Downloadable!]
  2. Peter Howells & Iris Biefang-Frisancho Mariscal, 2005. "Monetary Policy Regimes: a fragile consensus," Discussion Papers 0512, University of the West of England, Department of Economics. [Downloadable!]
  3. Stephen G. Cecchetti & Alfonso Flores-Lagunes & Stefan Krause, 2004. "Has Monetary Policy Become More Efficient? A Cross Country Analysis," NBER Working Papers 10973, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Tuysuz, Sukriye, 2007. "The effects of a greater central bank credibility on interest rates level and volatility response to news in the U.K," MPRA Paper 5263, University Library of Munich, Germany. [Downloadable!]
  5. Ellis W. Tallman, 2003. "Monetary policy and learning: Some implications for policy and research," Economic Review, Federal Reserve Bank of Atlanta, issue Q3, pages 1-9. [Downloadable!]
  6. TUYSUZ, Sukriye, 2007. "Central Bank transparency and the U.S. interest rates level and volatility response to U.S. news," MPRA Paper 5217, University Library of Munich, Germany. [Downloadable!]
  7. Eijffinger, Sylvester C W & van der Cruijsen, Carin A B, 2007. "The Economic Impact of Central Bank Transparency: A Survey," CEPR Discussion Papers 6070, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  8. Frederic Mishkin & Klaus Schmidt-Hebbel, 2006. "Does Inflation Targeting Make a Difference?," Working Papers Central Bank of Chile 404, Central Bank of Chile. [Downloadable!]
    Other versions:
  9. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia. [Downloadable!]
  10. N. Nergiz Dincer & Barry Eichengreen, 2007. "Central Bank Transparency: Where, Why, and with What Effects?," NBER Working Papers 13003, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Stefan Krause, 2003. "Measuring Monetary Policy Efficiency in European Union Countries: The Pre-EMU years," Emory Economics 0311, Department of Economics, Emory University (Atlanta). [Downloadable!]
    Other versions:
  12. Viv Hall, 2003. "Central Bank Governance: Common Elements or Different Models?," Working Papers 202003, Hong Kong Institute for Monetary Research. [Downloadable!]
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