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great inflation of the late 1960s and 1970s. It is the first detailed analysis, using Federal Reserve documents, of the … policy that led to this inflation. Thomas Mayer considers forecasting errors and wage and price controls in his attempt to … explain why the inflation occurred and places some of the blame on ineffective operating procedures, institutional …
Persistent link: https://www.econbiz.de/10014473850
"It is widely believed that central banks have grown (the Bank of England) or were established (the Federal Reserve) to pursue the twin objectives of monetary and price stability. But why should they? Central bankers are people, too, whose behavior is presumably determined, like the rest of us,...
Persistent link: https://www.econbiz.de/10013537820
Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price...
Persistent link: https://www.econbiz.de/10011850688
This timely book reviews the modern literature on inflation and monetary policy, and highlights contemporary issues in … banking in the Asia-Pacific : an overview -- 4. Monetary policy : overview of concepts, debates and issues -- 5. Inflation and …. Inflation and monetary policy in selected countries of the Asia-Pacific -- 10. Summary and conclusion …
Persistent link: https://www.econbiz.de/10011851021
. / Jose Antonio Cordero -- 4. Income, class and preferences towards anti-inflation and anti-unemployment policies / Arjun … inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single …1. Beyond inflation targeting : assessing the impacts and policy alternatives / Gerald Epstein and A. Erinc Yeldan -- 2 …
Persistent link: https://www.econbiz.de/10011851035
The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book...
Persistent link: https://www.econbiz.de/10011851386
; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the …1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning … of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the …
Persistent link: https://www.econbiz.de/10011851645
Curzio Giannini's history of the evolution of central banks illustrates how the most relevant institutional developments have taken place at times of widespread confidence crises and in response to deflationary pressures. The eminent and highly-renowned author provides an analytical perspective...
Persistent link: https://www.econbiz.de/10011852081
E.O. Svensson (1997), 'Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts … Economy, 22 (1), March, 1-21 -- Alex Cukierman and Allan H. Meltzer (1986), 'A Theory of Ambiguity, Credibility, and Inflation …Recommended readings (Machine generated): Backus, D. and Driffill, J. (1985), Inflation and Reputation, American …
Persistent link: https://www.econbiz.de/10011852195
. Chapters discuss the role of monetary policy in the gender pension gap; the impact of inflation reduction policies on female …
Persistent link: https://www.econbiz.de/10014544814