The Effect of Financial Regulation Mandate on Inflation Bias: A Dynamic Panel Approach
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Ioannidou, Vasso P., 2005.
"Does monetary policy affect the central bank's role in bank supervision?,"
Journal of Financial Intermediation, Elsevier, vol. 14(1), pages 58-85, January.
- Ioannidou, V., 2002. "Does Monetary Policy Affect the Central Bank's Role in Bank Supervision?," Discussion Paper 2002-54, Tilburg University, Center for Economic Research.
- Abhijit Sen Gupta, 2008.
"Does capital account openness lower inflation?,"
International Economic Journal, Taylor & Francis Journals, vol. 22(4), pages 471-487.
- Abhijit Sen Gupta, 2007. "Does Capital Account Openness Lower Inflation?," Macroeconomics Working Papers 22161, East Asian Bureau of Economic Research.
- Abhijit Sen Gupta, 2007. "Does Capital Account Openness Lower Inflation?," Working Papers id:843, eSocialSciences.
- Svensson, Lars E. O., 1997.
"Inflation forecast targeting: Implementing and monitoring inflation targets,"
European Economic Review, Elsevier, vol. 41(6), pages 1111-1146, June.
- Lars E. O. Svensson, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," NBER Working Papers 5797, National Bureau of Economic Research, Inc.
- Svensson, Lars E.O., 1997. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," Seminar Papers 615, Stockholm University, Institute for International Economic Studies.
- Svensson, L-E-O, 1996. "Inflation Forecast Targeting : Implementaing and Monitoring Inflation Targets," Papers 615, Stockholm - International Economic Studies.
- Svensson, Lars E O, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," CEPR Discussion Papers 1511, C.E.P.R. Discussion Papers.
- Lars E O Svensson, 1996. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets," Bank of England working papers 56, Bank of England.
- Arellano, Manuel & Bover, Olympia, 1995.
"Another look at the instrumental variable estimation of error-components models,"
Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
- M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers dp0007, Centre for Economic Performance, LSE.
- Teranishi, Yuki, 2012.
"Credit spread and monetary policy,"
Economics Letters, Elsevier, vol. 114(1), pages 26-28.
- Yuki Teranishi, 2009. "Credit Spread and Monetary Policy," IMES Discussion Paper Series 09-E-14, Institute for Monetary and Economic Studies, Bank of Japan.
- Reuven Glick & Michael M. Hutchison, 1999.
"Banking and currency crises; how common are twins?,"
Proceedings, Federal Reserve Bank of San Francisco, issue Sep.
- Reuven Glick & Michael M. Hutchison, "undated". "Banking and Currency Crises: How Common Are Twins?," EPRU Working Paper Series 99-20, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Reuven GLICK & Michael HUTCHISON, 2000. "Banking and Currency Crises: How Common Are The Twins?," Working Papers 012000, Hong Kong Institute for Monetary Research.
- Glick, R. & Hutchison, M., 1999. "Banking and Currency Crises: How Common are Twins?," Papers pb99-07, Economisch Institut voor het Midden en Kleinbedrijf-.
- Reuven Glick & Michael M. Hutchison, 1999. "Banking and currency crises: how common are twins?," Pacific Basin Working Paper Series 99-07, Federal Reserve Bank of San Francisco.
- Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
- Borio, Claudio & Zhu, Haibin, 2012.
"Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?,"
Journal of Financial Stability, Elsevier, vol. 8(4), pages 236-251.
- Claudio Borio & Haibin Zhu, 2008. "Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?," BIS Working Papers 268, Bank for International Settlements.
- Mark Gertler & Jordi Gali & Richard Clarida, 1999.
"The Science of Monetary Policy: A New Keynesian Perspective,"
Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1661-1707, December.
- Richard Clarida & Jordi Galí & Mark Gertler, 1997. "The science of monetary policy: A new Keynesian perspective," Economics Working Papers 356, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 1999.
- Clarida, Richard & Galí, Jordi & Gertler, Mark, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," CEPR Discussion Papers 2139, C.E.P.R. Discussion Papers.
- Richard Clarida & Jordi Gali & Mark Gertler, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," NBER Working Papers 7147, National Bureau of Economic Research, Inc.
- Aisen, Ari & Veiga, Francisco Jose, 2006.
"Does Political Instability Lead to Higher Inflation? A Panel Data Analysis,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(5), pages 1379-1389, August.
- Mr. Ari Aisen & Mr. Francisco José Veiga, 2005. "Does Political Instability Lead to Higher Inflation? A Panel Data Analysis," IMF Working Papers 2005/049, International Monetary Fund.
- Frank Smets, 2014. "Financial Stability and Monetary Policy: How Closely Interlinked?," International Journal of Central Banking, International Journal of Central Banking, vol. 10(2), pages 263-300, June.
- Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2019.
"Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?,"
The Quarterly Journal of Economics, Oxford University Press, vol. 134(2), pages 599-646.
- Ilzetzki, Ethan & Reinhart, Carmen M. & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
- Ilzetzki, Ethan & Reinhart, Carmen M. & Rogoff, Kenneth S., 2019. "Exchange arrangements entering the twenty-first century: which anchor will hold?," LSE Research Online Documents on Economics 88184, London School of Economics and Political Science, LSE Library.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," Working Paper 503441, Harvard University OpenScholar.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," NBER Working Papers 23134, National Bureau of Economic Research, Inc.
- Ms. Alicia García-Herrero, 1997. "Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy," IMF Working Papers 1997/124, International Monetary Fund.
- Ben S. Bernanke & Mark Gertler, 1995.
"Inside the Black Box: The Credit Channel of Monetary Policy Transmission,"
Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 27-48, Fall.
- Ben S. Bernanke & Mark Gertler, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," NBER Working Papers 5146, National Bureau of Economic Research, Inc.
- Bernanke, Ben & Gertler, Mark, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Working Papers 95-15, C.V. Starr Center for Applied Economics, New York University.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Asli Demirguc-Kunt & Edward J. Kane, 2002.
"Deposit Insurance Around the Globe: Where Does It Work?,"
Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 175-195, Spring.
- Edward J. Kane & Asli Demirguc-Kunt, 2001. "Deposit Insurance Around the Globe: Where Does it Work?," NBER Working Papers 8493, National Bureau of Economic Research, Inc.
- Demirguc-Kunt, Asl' & Kane, Edward J., 2001. "Depositinsurance around the globe : where does it work?," Policy Research Working Paper Series 2679, The World Bank.
- Mr. Luc Laeven & Mr. Fabian Valencia, 2008. "Systemic Banking Crises: A New Database," IMF Working Papers 2008/224, International Monetary Fund.
- Luis Garicano & Rosa M. Lastra, 2010.
"Towards a New Architecture for Financial Stability: Seven Principles,"
Journal of International Economic Law, Oxford University Press, vol. 13(3), pages 597-621, September.
- Garicano, Luis & Lastra, Rosa, 2010. "Towards a new architecture for financial stability: seven principles," LSE Research Online Documents on Economics 48900, London School of Economics and Political Science, LSE Library.
- Luis Garicano & Rosa Lastra, 2010. "Towards a New Architecture for Financial Stability: Seven Principles," CEP Discussion Papers dp0990, Centre for Economic Performance, LSE.
- Valencia, Fabián, 2014. "Monetary policy, bank leverage, and financial stability," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 20-38.
- Stephen G. Cecchetti & Lianfa Li, 2008.
"Do Capital Adequacy Requirements Matter For Monetary Policy?,"
Economic Inquiry, Western Economic Association International, vol. 46(4), pages 643-659, October.
- Stephen G. Cecchetti & Lianfi Li, 2005. "Do Capital Adequacy Requirements Matter for Monetary Policy?," NBER Working Papers 11830, National Bureau of Economic Research, Inc.
- Gruben, William C. & McLeod, Darryl, 2002. "Capital account liberalization and inflation," Economics Letters, Elsevier, vol. 77(2), pages 221-225, October.
- Vasco Cúrdia & Michael Woodford, 2010.
"Credit Spreads and Monetary Policy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 3-35, September.
- Vasco Curdia & Michael Woodford, 2010. "Credit Spreads and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 3-35, September.
- Vasco Cúrdia & Michael Woodford, 2009. "Credit Spreads and Monetary Policy," NBER Working Papers 15289, National Bureau of Economic Research, Inc.
- Vasco Curdia & Michael Woodford, 2009. "Credit spreads and monetary policy," Staff Reports 385, Federal Reserve Bank of New York.
- Paolo Angelini & Stefano Neri & Fabio Panetta, 2011.
"Monetary and macroprudential policies,"
Temi di discussione (Economic working papers)
801, Bank of Italy, Economic Research and International Relations Area.
- Angelini, Paolo & Neri, Stefano & Panetta, Fabio, 2012. "Monetary and macroprudential policies," Working Paper Series 1449, European Central Bank.
- Posso, Alberto & Tawadros, George B., 2013. "Does greater central bank independence really lead to lower inflation? Evidence from panel data," Economic Modelling, Elsevier, vol. 33(C), pages 244-247.
- Joseph G. Haubrich, 1996. "Combining bank supervision and monetary policy," Economic Commentary, Federal Reserve Bank of Cleveland, issue Nov.
- Christopher Crowe & Ellen E. Meade, 2007. "The Evolution of Central Bank Governance around the World," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 69-90, Fall.
- Stephen G. Cecchetti & Marion Kohler, 2014.
"When Capital Adequacy and Interest Rate Policy Are Substitutes (And When They Are Not),"
International Journal of Central Banking, International Journal of Central Banking, vol. 10(3), pages 205-231, September.
- Stephen G Cecchetti & Marion Kohler, 2012. "When capital adequacy and interest rate policy are substitutes (and when they are not)," BIS Working Papers 379, Bank for International Settlements.
- Goodhart, Charles & Schoenmaker, Dirk, 1995. "Should the Functions of Monetary Policy and Banking Supervision Be Separated?," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 539-560, October.
- Mangano, Gabriel, 1998. "Measuring Central Bank Independence: A Tale of Subjectivity and of Its Consequences," Oxford Economic Papers, Oxford University Press, vol. 50(3), pages 468-492, July.
- Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
- Marco Arnone & Bernard J Laurens & Jean-François Segalotto & Martin Sommer, 2009.
"Central Bank Autonomy: Lessons from Global Trends,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(2), pages 263-296, June.
- Jean-François Segalotto & Mr. Martin Sommer & Mr. Marco Arnone & Mr. Bernard J Laurens, 2007. "Central Bank Autonomy: Lessons from Global Trends," IMF Working Papers 2007/088, International Monetary Fund.
- Masciandaro, Donato, 2009. "Politicians and financial supervision unification outside the central bank: Why do they do it?," Journal of Financial Stability, Elsevier, vol. 5(2), pages 124-146, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lazopoulos, Ioannis & Gabriel, Vasco, 2019.
"Policy mandates and institutional architecture,"
Journal of Banking & Finance, Elsevier, vol. 100(C), pages 122-134.
- Ioannis Lazopoulos & Vasco J. Gabriel, 2019. "Policy Mandates and Institutional Architecture," School of Economics Discussion Papers 0419, School of Economics, University of Surrey.
- D. Masciandaro, 2019. "What Bird Is That? Central Banking And Monetary Policy In The Last Forty Years," BAFFI CAREFIN Working Papers 19127, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Donato Masciandaro & Davide Romelli, 2018. "To Be or not to Be a Euro Country? The Behavioural Political Economics of Currency Unions," BAFFI CAREFIN Working Papers 1883, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lazopoulos, Ioannis & Gabriel, Vasco, 2019.
"Policy mandates and institutional architecture,"
Journal of Banking & Finance, Elsevier, vol. 100(C), pages 122-134.
- Ioannis Lazopoulos & Vasco J. Gabriel, 2019. "Policy Mandates and Institutional Architecture," School of Economics Discussion Papers 0419, School of Economics, University of Surrey.
- Donato Masciandaro, 2018. "Central Banks And Macroprudential Policies: Economics And Politics," BAFFI CAREFIN Working Papers 1878, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Vasco Gabriel & Ioannis Lazopoulos & Diana Lima, 2021. "Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach," Working Papers w202106, Banco de Portugal, Economics and Research Department.
- Agur, Itai & Demertzis, Maria, 2019.
"Will macroprudential policy counteract monetary policy’s effects on financial stability?,"
The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 65-75.
- Mr. Itai Agur & Ms. Maria Demertzis, 2015. "Will Macroprudential Policy Counteract Monetary Policy’s Effects on Financial Stability?," IMF Working Papers 2015/283, International Monetary Fund.
- Itai Agur & Maria Demertzis, 2018. "Will macroprudential policy counteract monetary policy’s effects on financial stability?," Working Papers 23907, Bruegel.
- Agur, I. & Demertzis, M., 2010.
"Monetary Policy and Excessive Bank Risk Taking,"
Other publications TiSEM
ed82a0e9-77c4-469a-95dc-b, Tilburg University, School of Economics and Management.
- Agur, I. & Demertzis, M., 2010. "Monetary Policy and Excessive Bank Risk Taking," Other publications TiSEM abeb4545-a3fb-4a46-8595-f, Tilburg University, School of Economics and Management.
- Itai Agur & Maria Demertzis, 2010. "Monetary Policy and Excessive Bank Risk Taking," DNB Working Papers 271, Netherlands Central Bank, Research Department.
- Agur, I. & Demertzis, M., 2010. "Monetary Policy and Excessive Bank Risk Taking," Discussion Paper 2010-30S, Tilburg University, Center for Economic Research.
- Salim Dehmej & Leonardo Gambacorta, 2019.
"Macroprudential Policy in a Monetary Union,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(2), pages 195-212, June.
- Salim, DEHMEJ & Leonardo, GAMBACORTA, 2017. "Macroprudential Policy in a Monetary Union," Document de travail 2017-4, Bank Al-Maghrib, Département de la Recherche.
- Ioanna Kokores, 2015. "Lean-Against-the-Wind Monetary Policy: The Post-Crisis Shift in the Literature," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(3-4), pages 66-99, july-Dece.
- Garriga, Ana Carolina & Rodriguez, Cesar M., 2020. "More effective than we thought: Central bank independence and inflation in developing countries," Economic Modelling, Elsevier, vol. 85(C), pages 87-105.
- Daniel Chiquiar & Raúl Ibarra-Ramírez, 2019. "Central Bank Independence and Inflation: An Empirical Analysis," Working Papers 2019-18, Banco de México.
- Christoph S. Weber, 2018.
"Central bank transparency and inflation (volatility) – new evidence,"
International Economics and Economic Policy, Springer, vol. 15(1), pages 21-67, January.
- Christoph S. Weber, 2016. "Central Bank Transparency and Inflation (Volatility) – New Evidence," Working Papers 163, Bavarian Graduate Program in Economics (BGPE).
- de Moraes, Claudio Oliveira & de Mendonça, Helder Ferreira, 2019. "Bank’s risk measures and monetary policy: Evidence from a large emerging economy," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 121-132.
- Dalla Pellegrina, L. & Masciandaro, D. & Pansini, R.V., 2013. "The central banker as prudential supervisor: Does independence matter?," Journal of Financial Stability, Elsevier, vol. 9(3), pages 415-427.
- de Mendonça, Helder Ferreira & Nascimento, Natalia Cunha, 2020. "Monetary policy efficiency and macroeconomic stability: Do financial openness and economic globalization matter?," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
- Papadamou, Stephanos & Sidiropoulos, Moïse & Spyromitros, Eleftherios, 2017.
"Does central bank independence affect stock market volatility?,"
Research in International Business and Finance, Elsevier, vol. 42(C), pages 855-864.
- Stephanos Papadamou & Moïse Sidiropoulos & Eleftherios Spyromitros, 2016. "Does Central Bank Independence Affect Stock Market Volatility?," Working Papers of BETA 2016-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Pool, Sebastiaan & de Haan, Leo & Jacobs, Jan P.A.M., 2015.
"Loan loss provisioning, bank credit and the real economy,"
Journal of Macroeconomics, Elsevier, vol. 45(C), pages 124-136.
- Sebastiaan Pool & Leo de Haan & Jan Jacobs, 2014. "Loan loss provisioning, bank credit and the real economy," DNB Working Papers 445, Netherlands Central Bank, Research Department.
- Masciandaro, Donato & Volpicella, Alessio, 2016. "Macro prudential governance and central banks: Facts and drivers," Journal of International Money and Finance, Elsevier, vol. 61(C), pages 101-119.
- Donato Masciandaro & Davide Romelli, 2019.
"Behavioral Monetary Policymaking: Economics, Political Economy and Psychology,"
World Scientific Book Chapters, in: Behavioral Finance The Coming of Age, chapter 9, pages 285-329,
World Scientific Publishing Co. Pte. Ltd..
- Donato Masciandaro & Davide Romelli, 2019. "Behavioral Monetary Policymaking: Economics, Political Economy And Psychology," BAFFI CAREFIN Working Papers 19105, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
- Dang, Van Dan & Dang, Van Cuong, 2020. "The conditioning role of performance on the bank risk-taking channel of monetary policy: Evidence from a multiple-tool regime," Research in International Business and Finance, Elsevier, vol. 54(C).
- Ramos-Tallada, Julio, 2015.
"Bank risks, monetary shocks and the credit channel in Brazil: Identification and evidence from panel data,"
Journal of International Money and Finance, Elsevier, vol. 55(C), pages 135-161.
- J. Ramos-Tallada, 2015. "Bank risks, monetary shocks and the credit channel in Brazil: identification and evidence from panel data," Working papers 548, Banque de France.
- van Holle, Frederiek, 2017. "Essays in empirical finance and monetary policy," Other publications TiSEM 30d11a4b-7bc9-4c81-ad24-5, Tilburg University, School of Economics and Management.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2016-09-18 (Central Banking)
- NEP-MAC-2016-09-18 (Macroeconomics)
- NEP-MON-2016-09-18 (Monetary Economics)
- NEP-SOG-2016-09-18 (Sociology of Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sur:surrec:0616. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/desuruk.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ioannis Lazopoulos (email available below). General contact details of provider: https://edirc.repec.org/data/desuruk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.