tailieunhanh - Does Central Bank Financial Strength Matter for Infl ation? An Empirical Analysis
A general overview of the literature focusing on the origins of losses, discussing the intertemporal solvency of central banks and modelling their balance sheets has been presented already in Cincibuch et al. (2008; 2009). Many useful general references can also be found in a recently published book edited by Milton and Sinclair (2011). In the present paper, we thus limit ourselves to reviewing specifically those papers that have explicitly discussed the link from central bank finances to policy pursuit, with an emphasis on empirical work. The debate goes back – at least – to two seminal papers from the. | WORKING PAPER SERIES 3 Sona Benecká Tomas Holub Narcisa Liliana Kadlcáková Ivana Kubicová Does Central Bank Financial Strength Matter for Inflation An Empirical Analysis CNB CZECH NATIONAL BANK WORKING PAPER SERIES Does Central Bank Financial Strength Matter for Inflation An Empirical Analysis Sona Benecká Tomas Holub Narcisa Liliana Kadlcáková Ivana Kubicová 3 .
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