Performance measurement issues in central banks

Issues in Performance Measurement

How Should Central Banks Reduce Inflation?—Conceptual Issues

It is tempting to give a very short answer to the title of the session—raise interest rates and reduce monetary growth. But when and by how much? That raises two questions which are central to the design of monetary policy. First, starting from an inflationary episode, how quickly should inflation be reduced to its desired level? Second, should monetary policy react to shocks to output as well ...

Measurement Issues in Performance-based Logistics

Performance Based Logistics (PBL) is an acquisition reform that is intended to improve weapon systems logistics by reducing cost, improving reliability, and reducing footprint. PBL is an extension of a broad process of rationalizing and, in many cases, outsourcing government services. As with other examples of governmental service outsourcing, measurement issues arise in the gap between governm...

Performance Measurement of Indian Banks using Data Envelopment Analysis

In the paper an attempt was made to study the performance of Indian Banks with the help of CAMEL rating system, taking eighteen banks (eight being Private Sector Banks and ten being Public Sector Banks) over the period of ten years from (2004 to 2013) and then finding out their efficiency of banks with the help of DEA in terms of gaining confidence from investors and ranking them accordingly. O...

What Should Central Banks Do?

I the last twenty years, there has been substantial rethinking about how central banks should do their job. This rethinking has led to major changes in how central banks operate, and we are now in an era in which central banks in many countries throughout the world have had notable success—keeping inflation low, while their economies experience rapid economic growth. In this lecture, I outline ...