Sloan School of Management: Recent submissions

Now showing items 7-9 of 3452

    • Fiscal and Monetary Policy Interactions in a Low Interest Rate World 

      Hofmann, Boris; Lombardi, Marco Jacopo; Mojon, Benoit; Orphanides, Athanasios (2022-03-18)
      We analyse fiscal and monetary policy interactions when interest rate policy is hampered by the zero lower bound (ZLB) in an environment where expectations are formed with perpetual learning. The ZLB induces a deterioration ...

    • Monetary Policy in South Africa, 2007-21 

      Patrick, Honohan; Orphanides, Athanasios (2022-03-18)
      This paper reviews South Africa’s monetary policy since 2007 and makes recommendations towards improving the inflation-targeting framework currently in place. Following a surge in inflation into double digits in 2007/08, ...

    • The Fiscal Dimension of Monetary Policy and Central Bank Autonomy: Lessons from Two Crises 

      Orphanides, Athanasios (2022-03-16)
      Comparing and contrasting the Fed’s and ECB’s policy responses to the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic highlights the importance of the fiscal dimension of monetary policy and the pitfalls that ...