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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
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
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 … and Lance Taylor -- 3. Inflation targeting and the real exchange rate in a small economy : a structuralist approach …
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
the coordination of individual decisions as they minimize transaction costs, overcome information asymmetries and deal …
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 … under Discretion and Asymmetric Information', Econometrica, 54 (5), September, 1099-128 -- Marvin Goodfriend (1986 …
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
"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