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; 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
"Part of the Elgar Series on Central Banking and Monetary Policy, this book explores challenges surrounding central banking today. It goes beyond the immediate concerns with monetary policy and focuses instead on the concept of central banking more generally. Chapter authors explore emerging...
Persistent link: https://www.econbiz.de/10013400370
operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
Persistent link: https://www.econbiz.de/10011852035
On June 20, 2018, the Executive Board approved the largest stand-by arrangement in the Fund's history, in support of Argentina's 2018-21 economic program. After an augmentation in October 2018, access under the arrangement amounted to USD 57 billion (1,227 percent of Argentina's IMF quota). The...
Persistent link: https://www.econbiz.de/10013169527
"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...
Persistent link: https://www.econbiz.de/10014437075
, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been …. Saving, asset-price inflation, and debt-induced deflation / Michael Hudson -- 7. Unit roots in macroeconomic time series and … Washington Consensus and (non-) development / Hansjörg Herr and Jan Priewe -- 10. Competition, low profit margin, low inflation …
Persistent link: https://www.econbiz.de/10011850557
Persistent link: https://www.econbiz.de/10010395346
The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In...
Persistent link: https://www.econbiz.de/10014474042
Persistent link: https://www.econbiz.de/10000972395
1. Introduction -- 2. Inflation and monetary regimes -- 3. Inflation under metallic monetary regimes -- 4. Moderate … paper money inflations -- 5. Characteristics of hyperinflations -- 6. Currency competition, inflation, Gresham's law and …
Persistent link: https://www.econbiz.de/10011851086