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Full-Text Articles in Social and Behavioral Sciences
Targeting Relative Inflation Forecast As Monetary Policy Framework For Adopting The Euro, Lucjan T. Orlowski
Targeting Relative Inflation Forecast As Monetary Policy Framework For Adopting The Euro, Lucjan T. Orlowski
WCBT Faculty Publications
This study proposes relative inflation forecast targeting as an operational framework of monetary policy for adopting the euro by the EU new Member States. This strategy assumes containing differentials between the domestic and the eurozone inflation forecasts as an operational target. A model prescribing the RIFT framework is presented along with a set of appropriate policy indicator variables and instrument rules. The proposed framework advances the strategy based on relatively strict inflation targeting that is currently pursued by some NMS. Several ARCHclass tests in various functional forms are employed for providing preliminary empirical evidence on convergence of inflation differentials relative …
The Challenge Of Economic Growth, Thomas D. Corrigan
The Challenge Of Economic Growth, Thomas D. Corrigan
WCBT Faculty Publications
In order to sustain Connecticut's competitive edge, state government must act as a catalyst in bringing forth the human and capital resources need to make sure that Connecticut's future labor force can successively acquire the skills demanded by the business sector. Looking beyond 2005, and in concert with a competitive tax and regulatory environment, the nurturing of the identified business clusters holds great promise for a renewal of economic vitality.