Controlling the Growth of Monetary Aggregates

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Publisher : Springer Science & Business Media
ISBN 13 : 9400932758
Total Pages : 225 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Controlling the Growth of Monetary Aggregates by : Robert H. Rasche

Download or read book Controlling the Growth of Monetary Aggregates written by Robert H. Rasche and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karl Brunner Monetary affairs have preoccupied observers over the ages. In the middle of the 14th century, the chaos in the French currency system after many rounds of currency debasement attracted comments expressing helpless confusion. Goethe's Mephistopheles convinced the imperial court to inflate with paper money "for the benefit of the public" and to satisfy all the demands on the government's largesse. Our century is no exception. The massive technological improvement in creating money has contributed to hyperinflationary experiences never before recorded in history. These events occurred, however, in the political disarray following major wars. More important are the persistent pe ace time failures of our monetary institutions. A massive worldwide deflation, centered in the United States and Germany, imposed a tragic social and political fate on Western societies. Similarly, the sequence of a worldwide inflation followed by deflation observed over the past 15 years has fostered disruptive economic and political conditions. The monetary disarray experienced throughout history was crucially influenced by the prevailing monetary arrangements. These arrangements determine the level and movement of the nation's money stock over time. Under the circumstances, the political issue confronting us bears on the useful choice of monetary arrangements. This choice should involve institutions that prohibit both massive deflation and persistent inflation.

Controlling Monetary Aggregates

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Controlling Monetary Aggregates by :

Download or read book Controlling Monetary Aggregates written by and published by . This book was released on 1969 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Controlling Monetary Aggregates II: the Implementation

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.X/5 (3 download)

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Book Synopsis Controlling Monetary Aggregates II: the Implementation by :

Download or read book Controlling Monetary Aggregates II: the Implementation written by and published by . This book was released on 1973 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Controlling Monetary Aggregates

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Controlling Monetary Aggregates by : Federal Reserve Bank of Boston

Download or read book Controlling Monetary Aggregates written by Federal Reserve Bank of Boston and published by . This book was released on 1969 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sponsored by the Federal Reserve Bank of Boston. Includes bibliographical references. * reclass correction nas_batch 20090820.

Improving Money Stock Control

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Publisher : Springer Science & Business Media
ISBN 13 : 9401718458
Total Pages : 204 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Improving Money Stock Control by : L.H. Meyer

Download or read book Improving Money Stock Control written by L.H. Meyer and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 30-31,1981, the Center for the Study of American Business and the Federal Reserve Bank of St. Louis cosponsored their sixth annual conference, "Improving Money Stock Control: Problems, Solutions, and Consequences." This book contains the papers and comments delivered at that conference. The Federal Reserve System has moved, over the last decade, toward setting policy in terms of explicit and publicly announced monetary aggre gate targets - specifically, growth ranges for alternative measures of the money supply. This conference, as the title suggests, was wide ranging in its discussions of monetary control. But rather than dealing with the merits of monetary aggregate targeting, its focus was instead on solving the problems associated with, and evaluating the consequences of, im proved monetary control. The initial paper outlines the current operating procedures followed by the Federal Reserve and suggests reforms to improve monetary control. The following three discussion papers in Part I critically examine the Fed's operating procedures. The two papers in Part II discuss the experi ence of other countries with monetary aggregate targeting - the United Kingdom and Switzerland, respectively - and Part III examines the con sequences of improved monetary control.

Controlling Monetary Aggregates II

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Publisher :
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Controlling Monetary Aggregates II by : Federal Reserve Bank of Boston

Download or read book Controlling Monetary Aggregates II written by Federal Reserve Bank of Boston and published by . This book was released on 1973 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Innovation and the Control of Monetary Aggregates

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis Financial Innovation and the Control of Monetary Aggregates by : Robert E. Jr Lucas

Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert E. Jr Lucas and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity.

The Monetary Base Approach to Monetary Control

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Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Monetary Base Approach to Monetary Control by :

Download or read book The Monetary Base Approach to Monetary Control written by and published by . This book was released on 1980 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Aggregates as Targets

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Monetary Aggregates as Targets by : Charles Freedman

Download or read book Monetary Aggregates as Targets written by Charles Freedman and published by . This book was released on 1981 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the mid-1970s the Bank of Canada, along with a number of other central banks, began to set explicit targets for monetary growth and to emphasize the long-run role of monetary aggregates in controlling the rapid upward trend of prices. There are three distinct ways of viewing and interpreting a policy of setting growth targets for monetary aggregates. The first is associated with the work of William Poole, the second is derived from the reduced-form model initially developed at the Federal Reserve Bank of St. Louis, and the third, which the author has labeled the feedback- rule approach, is related to the techniques developed within central banks to implement the policy of monetary targeting. In this paper the author sets forth the logic and examines the implications of these three methods when the principal aim of policy is reducing the rate of inflation. He also examines the question of gradualist versus "cold-shower" policies and the criteria for selecting a monetary aggregate as a policy target.

Measurement and Control of the Money Supply

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Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Measurement and Control of the Money Supply by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy

Download or read book Measurement and Control of the Money Supply written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1980 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Controlling Monetary Aggregates II

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Controlling Monetary Aggregates II by :

Download or read book Controlling Monetary Aggregates II written by and published by . This book was released on 1972 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Controlling Monetary Aggregates

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (644 download)

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Book Synopsis Controlling Monetary Aggregates by : Paul A. Samuelson

Download or read book Controlling Monetary Aggregates written by Paul A. Samuelson and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Liquidity through the Lens of Monetary Aggregates

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475514557
Total Pages : 49 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Global Liquidity through the Lens of Monetary Aggregates by : Kyuil Chung

Download or read book Global Liquidity through the Lens of Monetary Aggregates written by Kyuil Chung and published by International Monetary Fund. This book was released on 2014-01-24 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank’s foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth.

Financial Innovation and the Control of Monetary Aggregates

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (149 download)

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Book Synopsis Financial Innovation and the Control of Monetary Aggregates by : Robert F. Lucas

Download or read book Financial Innovation and the Control of Monetary Aggregates written by Robert F. Lucas and published by . This book was released on 1983 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical test of the proposition that control of a monetary aggregate will generate a rise in its velocity.The test is carried out utilizing the Canadian experience of controlling Ml growth from 1975:3 to 1982:3. Section One of the paper presents evidence of the instability of the Canadian demand from Ml money since 1975:3. Section Two develops a specific form of the proposition which emphasizes the role of asset substitution between classes of chartered bank deposits. A relative asset demand equation is derived from a wealth maximization model subject to a technological transactions constraint and this equation is estimated from 1961 through 1982.The results lend support to the proposition that central bank control of Ml generated a rise in Ml velocity

Controlling Monetary Aggregates

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Author :
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (174 download)

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Book Synopsis Controlling Monetary Aggregates by : Federal reserve bank of Boston

Download or read book Controlling Monetary Aggregates written by Federal reserve bank of Boston and published by . This book was released on 1972 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Objectives for ...

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Author :
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Monetary Policy Objectives for ... by :

Download or read book Monetary Policy Objectives for ... written by and published by . This book was released on with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Too Much Money ...?

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Too Much Money ...? by : Gordon T. Pepper

Download or read book Too Much Money ...? written by Gordon T. Pepper and published by . This book was released on 1976 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Label mounted on title page: Transatlantic Arts, Levittown, N.Y., sole distributor for the U.S.A. Bibliography: p. 58.