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In light of the global financial cycle (GFC), this paper investigates the effectiveness of monetary policy in Brazil … Macroeconomic Consensus perspective, emphasizing the implications of the GFC. It also contrasts central bank theory with the post …
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The Financial Instability Hypothesis associated with Hyman Minsky has profound implications for the conduct of monetary policy in modern capitalist economies. At its core is the proposition that the central bank may contribute to the financial fragility of leveraged firms in its pursuit of...
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"This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe. "--
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This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe
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