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This book examines the linkage between central bank structure, central bank autonomy-with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence-and monetary policy, both in select benchmark countries and at a broader...
Persistent link: https://www.econbiz.de/10012396941
Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...
Persistent link: https://www.econbiz.de/10012054254
A narrative history by a Fed insider of how monetary policy is shaped in the US, with special emphasis on the performances of former Chairman Ben Bernanke and current Chairwoman Janet Yellen in facing the prelude, outbreak, and aftermath of the 2008 financial crisis
Persistent link: https://www.econbiz.de/10012397913
Introduction -- A Pre-history of the Federal Reserve -- Does U.S. History Vindicate Central Banking? - Ben Bernanke, the FDR of Central Bankers -- Fed Policy Errors of the Great Depression -- The Federal Reserve: Reality Trumps Rhetoric -- A Fraudulent Legend: The Myth of the Independent Fed --...
Persistent link: https://www.econbiz.de/10014020865
A concise analysis of the evolution of monetary policy and banking institutions over the past sixty years that stresses the dynamic interactions between the Federal Reserve and banking institutions that resulted from financial market innovations. Institutions were influenced by increasing...
Persistent link: https://www.econbiz.de/10013520922
1 Introduction.- 2 Transmission Channels for Quantitative Easing and Effects on Interest Rates -- 3 The Central Bank Loss Function and Quantitative Easing as a Stackelberg Game -- 4 The Effect of Quantitative Easing on Interest Rates -- 5 Broader Economic Effects on Quantitative Easing -- 6...
Persistent link: https://www.econbiz.de/10014017297
Zentralbank Theoretische Bedeutung von Wohnimmobilienpreisen für die Geldpolitik Empirische Überprüfung der …Marcel Schützenmeister zeigt in dem Buch theoretisch auf, unter welchen Bedingungen die Geldpolitik einen unmittelbaren …, dass bei Erfüllung dieser Bedingungen die Geldpolitik Wohnimmobilienpreisentwicklungen zwar berücksichtigen, aber nicht …
Persistent link: https://www.econbiz.de/10014019756
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
Persistent link: https://www.econbiz.de/10014015328
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn...
Persistent link: https://www.econbiz.de/10012396773