Author : John O. S. Wilson
Publisher : Unknown
Page : 128 pages
File Size : 46,5 Mb
Release : 2012
Category : Electronic
ISBN : 0415615518
Banking
John O. S. Wilson
Conduct Of Monetary Policy
Conduct Of Monetary Policy Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Conduct Of Monetary Policy book. This book definitely worth reading, it is an incredibly well-written.
The Federal Reserve System Purposes and Functions
Board of Governors of the Federal Reserve System
Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 55,8 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965
The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Monetary Policy and Central Banking
Louis-Philippe Rochon,S. Y. Olawoye
Author : Louis-Philippe Rochon,S. Y. Olawoye
Publisher : Edward Elgar Publishing
Page : 273 pages
File Size : 48,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781849807364
Monetary Policy and Central Banking by Louis-Philippe Rochon,S. Y. Olawoye Pdf
Has the economic and financial crisis changed the way we conduct monetary policy? Is quantitative easing consistent with the endogeneity of money? These are but two of the questions this new book explores. The various contributors offer interesting and new perspectives on the conduct of monetary policy during the crisis, and provide sharp criticism of central bank policies in the US and Europe. A must read for all those interested in a critical analysis of monetary policy.
Issues in Monetary Policy
Kent Matthews,Philip M. Booth
Author : Kent Matthews,Philip M. Booth
Publisher : John Wiley & Sons
Page : 210 pages
File Size : 44,8 Mb
Release : 2006-02-22
Category : Business & Economics
ISBN : 9780470032817
Issues in Monetary Policy by Kent Matthews,Philip M. Booth Pdf
Since the Bank of England was made independent in 1997, the conduct of monetary policy has been relatively uncontroversial. The debates between Keyneisans, monetarists and supporters of fixed exchange rate mechanisms now appear very distant. Despite the apparent consensus there are many issues related to the conduct of monetary policy that are not yet settled and which will soon come to the fore. Is the current form of independence for the Bank of England appropriate? Should a central bank target inflation or the prices level? How does a central bank deal with asset price deflation? Should more account be taken of monetary aggregates? Should central banks target asset prices? What is the relationship between the money supply and asset price inflation? How should central banks ensure financial stability? The IEA was at the forefront of changing the parameters of the debate surrounding monetary policy in the 1970s and 1980s. This text, brings together some of the leading authors in the field, including the current Governor of the Bank of England, to discuss current issues in monetary policy and the relationship between monetary policy and financial markets. It is appropriate for undergraduates and postgraduates in economics and finance as well as for practitioners in financial markets.
Monetary Policy Strategies
International Monetary Fund
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 28 pages
File Size : 40,9 Mb
Release : 1988-10-04
Category : Business & Economics
ISBN : 9781451952575
Monetary Policy Strategies by International Monetary Fund Pdf
The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal algorithmic learning has been accomplished, and when time consistency problems are significant, a mixed strategy that combines a simple verifiable rule with discretion is attractive. The paper also discusses mechanisms for mitigating credibility problems and emphasizes that arguments against various types of simple rules lose their force under a mixed strategy.
Monetary Policy Strategy
Frederic S. Mishkin
Author : Frederic S. Mishkin
Publisher : MIT Press
Page : 561 pages
File Size : 51,8 Mb
Release : 2009-08-21
Category : Business & Economics
ISBN : 9780262513371
Monetary Policy Strategy by Frederic S. Mishkin Pdf
A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econometric evidence, and extensive case studies. This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin is not only an academic expert in the field but also a high-level policymaker. He is especially well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering published papers, new introductory material, and a summing up, “Everything You Wanted to Know about Monetary Policy Strategy, But Were Afraid to Ask,” which reflects on what we have learned about monetary policy over the last thirty years. Mishkin blends theory, econometric evidence, and extensive case studies of monetary policy in advanced and emerging market and transition economies. Throughout, his focus is on these key areas: the importance of price stability and a nominal anchor; fiscal and financial preconditions for achieving price stability; central bank independence as an additional precondition; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency and communication; and the role of asset prices in monetary policy.
Staff Guidance Note on Macroprudential Policy
International Monetary Fund
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 45 pages
File Size : 48,7 Mb
Release : 2014-06-11
Category : Business & Economics
ISBN : 9781498342629
Staff Guidance Note on Macroprudential Policy by International Monetary Fund Pdf
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries
The Monetary Policy of the Federal Reserve
Robert L. Hetzel
Author : Robert L. Hetzel
Publisher : Cambridge University Press
Page : 7 pages
File Size : 47,5 Mb
Release : 2008-03-17
Category : Political Science
ISBN : 9781139470643
The Monetary Policy of the Federal Reserve by Robert L. Hetzel Pdf
Details the evolution of the monetary standard from the start of the Federal Reserve through the end of the Greenspan era. The book places that evolution in the context of the intellectual and political environment of the time. By understanding the fitful process of replacing a gold standard with a paper money standard, the conduct of monetary policy becomes a series of experiments useful for understanding the fundamental issues concerning money and prices. How did the recurrent monetary instability of the 20th century relate to the economic instability and to the associated political and social turbulence? After the detour in policy represented by FOMC chairmen Arthur Burns and G. William Miller, Paul Volcker and Alan Greenspan established the monetary standard originally foreshadowed by William McChesney Martin, who became chairman in 1951. The Monetary Policy of the Federal Reserve explains in a straightforward way the emergence and nature of the modern, inflation-targeting central bank.
Monetarism and the Federal Reserve's Conduct of Monetary Policy
Anonim
Author : Anonim
Publisher : Unknown
Page : 562 pages
File Size : 47,6 Mb
Release : 1982
Category : Monetary policy
ISBN : STANFORD:36105045228660
Monetarism and the Federal Reserve's Conduct of Monetary Policy by Anonim Pdf
Monetary Policy Rules
John B. Taylor
Author : John B. Taylor
Publisher : University of Chicago Press
Page : 460 pages
File Size : 54,9 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226791265
Monetary Policy Rules by John B. Taylor Pdf
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Conduct of Monetary Policy (pursuant to the Full Employment and Balanced Growth Act of 1978, P.L. 95-523)
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher : Unknown
Page : 206 pages
File Size : 40,5 Mb
Release : 1980
Category : Monetary policy
ISBN : MINN:31951P00612602T
Conduct of Monetary Policy (pursuant to the Full Employment and Balanced Growth Act of 1978, P.L. 95-523) by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs Pdf
Japanese Monetary Policy
Kenneth J. Singleton
Author : Kenneth J. Singleton
Publisher : University of Chicago Press
Page : 208 pages
File Size : 41,7 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226760681
Japanese Monetary Policy by Kenneth J. Singleton Pdf
How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.
Current Issues in the Design and Conduct of Monetary Policy
Mr.Mohsin S. Khan
Author : Mr.Mohsin S. Khan
Publisher : International Monetary Fund
Page : 19 pages
File Size : 50,8 Mb
Release : 2003-03-01
Category : Business & Economics
ISBN : 9781451847727
Current Issues in the Design and Conduct of Monetary Policy by Mr.Mohsin S. Khan Pdf
Movements in global capital during the late 1990s and the greater emphasis on price stability led many countries to abandon fixed exchange rate regimes and to design institutions and monetary policies to achieve credibility in the goal of lowering inflation. Such recent developments have brought to the forefront the idea that freely mobile capital, independent monetary policy, and fixed exchange rates form an "impossible trinity." It is possible to have two of these policies, but not all three. Inflation-targeting regimes being adopted by many countries provide a way of resolving this dilemma.
Coordination of Monetary and Fiscal Policies
International Monetary Fund
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 33 pages
File Size : 50,8 Mb
Release : 1998-03-01
Category : Business & Economics
ISBN : 9781451844238
Coordination of Monetary and Fiscal Policies by International Monetary Fund Pdf
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Monetary Policy and Macroprudential Regulation with Financial Frictions
Pierre-Richard Agenor
Author : Pierre-Richard Agenor
Publisher : MIT Press
Page : 601 pages
File Size : 51,7 Mb
Release : 2020-11-10
Category : Business & Economics
ISBN : 9780262359429
Monetary Policy and Macroprudential Regulation with Financial Frictions by Pierre-Richard Agenor Pdf
An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation. Since the global financial crisis, there has been a renewed effort to emphasize financial frictions in designing closed- and open-economy macroeconomic models for monetary and macroprudential policy analysis. Drawing on the extensive literature of the past decade as well as his own contributions, in this book Pierre-Richard Age&́nor provides a unified set of theoretical and quantitative macroeconomic models with financial frictions to explore issues that have emerged in the wake of the crisis. These include the need to understand better how the financial system amplifies and propagates shocks originating elsewhere in the economy; how it can itself be a source of aggregate fluctuations; the extent to which central banks should account for financial stability considerations in the conduct of monetary policy; whether national central banks and regulators should coordinate their policies to promote macroeconomic and financial stability; and how much countercyclical macroprudential policies should be coordinated at the international level to mitigate financial spillovers across countries.