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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
"In this prescient book, expert contributors from academic and policymaking circles explore dollarization in both theoretical and practical terms. They provide a fundamental resource for understanding the many forms in which dollarization can occur. Central Banking, Monetary Policy and the...
Persistent link: https://www.econbiz.de/10015421939
E.O. Svensson (1997), 'Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts … Effect on Policy Outcomes', World Bank Economic Review, 6 (3), September, 353-98 -- Alberto Alesina and Lawrence H. Summers … Economy, 22 (1), March, 1-21 -- Alex Cukierman and Allan H. Meltzer (1986), 'A Theory of Ambiguity, Credibility, and Inflation …
Persistent link: https://www.econbiz.de/10011852195
Philipp Maier offers a unique examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilises an original...
Persistent link: https://www.econbiz.de/10015412519
instability in the future. Using examples from global financial markets, chapters investigate real-world events that have … triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky's analysis and … targeting inflation as a way of stabilising financial markets. With a particular focus on financial regulations and supervision …
Persistent link: https://www.econbiz.de/10015421942
an index of his results. The relationship between central bank independence, inflation and output growth is extensively …, first, the inflation rate and, second, wage formation in a totally unionized economy. Institutions and Monetary Policy will …
Persistent link: https://www.econbiz.de/10015412746
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
analysis of monetary and exchange rate issues in the modern world. Monetary and Exchange Rate Systems will be extremely useful …
Persistent link: https://www.econbiz.de/10014474013
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