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Has there been a change in household saving behavior in the low inflation and interest rate environment?
(10.05.2022)
BoF Economics Review 3/2022
BoF Economics Review 3/2022
This paper examines whether the determinants of household saving have changed over time and whether they are the same across countries. Using a cross-country data for 34 OECD countries for the 1970-2019, we find that ...
How Effective is the Taylor rule? : Some Insights from the Time-Frequency Domain
(19.02.2020)
BoF Economics Review 1/2020
BoF Economics Review 1/2020
When the central bank sets monetary policy according to a conventional or modified Taylor rule (which is known as the Taylor Principle), does this deliver the best outcome for the macroeconomy as a whole? This question is ...