How do countries choose their monetary policy frameworks?

D Cobham, M Song - Journal of Policy Modeling, 2020 - Elsevier
This paper investigates the determinants of countries' choices of monetary policy framework.
A brief narrative focused on groupings of countries motivates an econometric analysis which …

Monetary policy frameworks since Bretton Woods, across the world and its regions

D Cobham - Review of World Economics, 2023 - Springer
Abstract The Comprehensive Monetary Policy Framework (CMPF) project, which considers
de jure and de facto, domestic (money, inflation) and external (exchange rate), monetary …

[HTML][HTML] Understanding and predicting monetary policy framework choice in developing countries

M Sullivana - Economic Modelling, 2024 - Elsevier
We examine the choice of monetary policy framework (MPF) of 87 countries over three
decades (1985-2017). We confirm the importance of a range of factors including financial …

Monetary policy frameworks in the Middle East and North Africa: How do they compare with other groupings?

D Cobham - Scottish Journal of Political Economy, 2022 - Wiley Online Library
This paper presents a classification of the monetary policy frameworks (MPFs) of 19 MENA
countries from 1974 to 2017. It identifies the key trends in the region and contrasts them with …

What have the monetary authorities really stabilised, and does it matter?

D Cobham, P Macmillan - Open Economies Review, 2023 - Springer
A simple statistical method is used to identify what domestic and external variables the
monetary authorities in different countries have succeeded in stabilising, in each year over …

Finding new objectives, seeking new instruments

D Cobham - 2024 - econstor.eu
This short paper use the perspective of the assignment problem to examine the evolution of
the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of …

Understanding and Predicting Monetary Policy Framework Choice

M Sullivan - 2024 - econstor.eu
This paper investigates the determinants of countries' choice of monetary policy frameworks
(MPF) for emerging and developing countries. Countries make different MPF choices and …

Effects of Monetary Policy Frameworks on Stock Market Volatilities: An Empirical Study of Global Economies

KF Lee - 2023 - mpra.ub.uni-muenchen.de
This study investigates the relationship between monetary policy frameworks and stock
market volatilities across countries. Using a novel classification framework by Cobham …