Monetary Policies in the Age of Uncertainty

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Publisher : Springer Nature
ISBN 13 : 9811641463
Total Pages : 70 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Monetary Policies in the Age of Uncertainty by : Yoichi Matsubayashi

Download or read book Monetary Policies in the Age of Uncertainty written by Yoichi Matsubayashi and published by Springer Nature. This book was released on 2021-08-23 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an interesting review of Japanese monetary policies after the bubble economy. The Bank of Japan was the first central bank in advanced economies to implement the unconventional monetary policies during the period. After the Lehman shock, most advanced economies also carried out similar monetary policies to boost their own economies. The Japanese experience in the 1990s and 2000s no doubt played a key role during the period. Although various aspects of the experiences have been examined, not many books have been published based on intensive discussions between the macro and monetary theorists who have been active in academics and the practitioners who have actually been involved in monetary policy. This small but important book has focused on the Japanese experience. Evaluation of that experience found that three solid pillars are of crucial importance: theory, institution, and experience. Those form the basis of the book, without theory, no policies will be formulated and implemented, and implementation depends crucially on institution. Chapter 1 provides a clear theoretical background for the unconventional monetary policies and inflation targeting. Chapter 2 intensively explores the meaning and desirability of the independence of central banks. Chapter 3 reviews the consequences of the Japanese monetary policies in recent decades in comparison with those in other advanced economies.

Optimal Monetary Policy Under Uncertainty

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Publisher : Edward Elgar Publishing
ISBN 13 : 1847208649
Total Pages : 341 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Optimal Monetary Policy Under Uncertainty by : Richard T. Froyen

Download or read book Optimal Monetary Policy Under Uncertainty written by Richard T. Froyen and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Froyen and Guender have provided a thorough and careful analysis of optimal monetary policy over most of the range of theoretical models that have been used in modern macroeconomics. By providing a comprehensive and clear comparative framework they will help the student of monetary policy understand why there have been conflicting views of what policy makers should do. Central Banking In Optimal Monetary Policy Under Uncertainty, academicians and economists Richard T. Froyen and Alfred V. Guender have collaborated on presenting an informed and informative survey of optimal monetary policy literature arising during the 1970s and 1980s as a ground work for understanding current market and other economic influences on such germane issues as discretion versus commitment, target versus instrument rules, and the delegation of policy making authority within the private and public sectors. With meticulous attention to scholarship and objectivity. . . Optimal Monetary Policy Under Uncertainty is a thoughtful and thought-provoking body of work that is very strongly recommended for professional, academic, corporate and governmental economic reference collections and supplemental reading lists. Midwest Book Review Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the science of monetary policy in the literature of the 1970s, which viewed optimal monetary policy as primarily a question of the best use of information, and studies in the 1980s that gave primacy to time inconsistency problems. This broad focus leads to a better understanding of current issues such as discretion versus commitment, target versus instrument rules, and the merits of delegation of policy authority. Casting a wide net, the authors survey the recent literature on the New Keynesian approach to optimal monetary policy in the context of the earlier literature. They emphasize the relationship between policy decisions and the information set available to the policymaker, a central focus of the earlier literature, obscured in much recent work. Optimal policy questions are considered in open as well as closed economy models and the often confusing terminology in the literature is sorted and clarified. Questions are considered within easily analysed models and the authors clearly show why these models lead to different (or equivalent) policy conclusions. Recent policy issues such as desirability of inflation targeting and the relative merits of target versus instrument rules are covered in detail. Economists in academia and in policymaking organizations who want to learn about recent developments in the area of optimal monetary policy, as well as graduate and advanced undergraduate students in macroeconomic and monetary economics, will find this volume a clear and thorough examination of the topic.

Monetary Policy Under Uncertainty and Learning

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Publisher :
ISBN 13 : 9789567421329
Total Pages : 601 pages
Book Rating : 4.4/5 (213 download)

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Book Synopsis Monetary Policy Under Uncertainty and Learning by : Klaus Schmidt-Hebbel

Download or read book Monetary Policy Under Uncertainty and Learning written by Klaus Schmidt-Hebbel and published by . This book was released on 2009 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Next Age of Uncertainty

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Publisher : Penguin
ISBN 13 : 0735243913
Total Pages : 305 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis The Next Age of Uncertainty by : Stephen Poloz

Download or read book The Next Age of Uncertainty written by Stephen Poloz and published by Penguin. This book was released on 2022-02-22 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: *WINNER OF THE 2023 NATIONAL BUSINESS BOOK AWARD* *FINALIST FOR THE 2023 OTTAWA BOOK AWARD* *SHORTLISTED FOR THE SHAUGHNESSY COHEN PRIZE FOR POLITICAL WRITING* *SHORTLISTED FOR THE 2022 DONNER PRIZE* NATIONAL BESTSELLER From the former Governor of the Bank of Canada, a far-seeing guide to the powerful economic forces that will shape the decades ahead. The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and accessible guide to the crises and opportunities that lie ahead, economist and former Governor of the Bank of Canada Stephen Poloz maps out the powerful tectonic forces that are shaping our future, and the ideas that will allow us to master them. These forces include an aging workforce, mounting debt, and rising income inequality. Technological advances, too, are adding to the pressure, putting people out of work, and climate change is forcing a transition to a lower-carbon economy. It is no surprise that people are feeling uncertain. The implications of these tectonic tensions will cascade throughout every dimension of our lives—the job market, the housing market, the investment climate, as well as government and central bank policy, and the role of the corporation within society. The pandemic has added momentum to many of them. Poloz skillfully argues that past crises, from the Victorian Depression in the late 1800s to the more recent downturn in 2008, give a hint of what is in store for us in the decades ahead. Unlike the purely destructive power of earthquakes, the upheaval that is sure to come in the decades ahead will offer unexpected opportunities for renewal and growth. Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, The Next Age of Uncertainty is an indispensable guide for those navigating the fault lines of the risky world ahead.

Monetary policy and uncertainty

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Publisher :
ISBN 13 :
Total Pages : 415 pages
Book Rating : 4.:/5 (454 download)

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Book Synopsis Monetary policy and uncertainty by :

Download or read book Monetary policy and uncertainty written by and published by . This book was released on 2003 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy and Uncertainty

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Publisher :
ISBN 13 : 9781410214973
Total Pages : 448 pages
Book Rating : 4.2/5 (149 download)

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Book Synopsis Monetary Policy and Uncertainty by : Res Federal Reserve Bank of Kansas City

Download or read book Monetary Policy and Uncertainty written by Res Federal Reserve Bank of Kansas City and published by . This book was released on 2004-07 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most difficult challenges facing central banks is how to conduct monetary policy in an uncertain economic environment. This challenge is magnified when ongoing changes in the structure of the economy make economic models and forecasts less reliable. How should policymakers act in an environment of increased uncertainty? Should they be more cautious and wait for additional information about the economy that might reduce uncertainty? Or, should they react more aggressively in an attempt to keep the economy on course? In designing monetary policy in an uncertain world, how much should policymakers depend on formal rules, and how much should they rely on judgment? To address these questions, the Federal Reserve Bank of Kansas City sponsored a symposium, titled, "Monetary Policy and Uncertainty: Adapting to a Changing Economy," at Jackson Hole, Wyoming, on August 28-30, 2003. The symposium brought together a distinguished group of central bank officials, academic economists, and business economists to discuss and debate these issues. Over the years, the Jackson Hole symposium has provided a forum for the exchange of ideas on important public policy issues of interest to central banks around the world. Its continuing success is due to the contributions of all those who participate, including authors, discussants, panelists, and audience members. Special thanks also go to Craig Hakkio, Gordon Sellon, and other members of the Bank's Research Division who developed this year's program. Thomas M. Hoenig President and Chief Executive Officer Federal Reserve Bank of Kansas City

Monetary Policy and Interest Rate Uncertainty

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)

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Book Synopsis Monetary Policy and Interest Rate Uncertainty by : Michael Dominic Bauer

Download or read book Monetary Policy and Interest Rate Uncertainty written by Michael Dominic Bauer and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Uncertainty

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Monetary Policy Uncertainty by : Lucas Husted

Download or read book Monetary Policy Uncertainty written by Lucas Husted and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Uncertainty and Monetary Policy Surprises

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (115 download)

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Book Synopsis Monetary Policy Uncertainty and Monetary Policy Surprises by : Michiel De Pooter

Download or read book Monetary Policy Uncertainty and Monetary Policy Surprises written by Michiel De Pooter and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

What did monetary policy do?

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Publisher :
ISBN 13 :
Total Pages : 139 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis What did monetary policy do? by : Carmine Trecroci

Download or read book What did monetary policy do? written by Carmine Trecroci and published by . This book was released on 2001 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainty and Monetary Policy

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (975 download)

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Book Synopsis Uncertainty and Monetary Policy by : Carl E. Walsh

Download or read book Uncertainty and Monetary Policy written by Carl E. Walsh and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainty and Monetary Policy

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Uncertainty and Monetary Policy by : Richard Dennis

Download or read book Uncertainty and Monetary Policy written by Richard Dennis and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainty, Learning, and Gradual Monetary Policy

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis Uncertainty, Learning, and Gradual Monetary Policy by : Brian Sack

Download or read book Uncertainty, Learning, and Gradual Monetary Policy written by Brian Sack and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

" The interaction of fiscal and monetary policies in a world with uncertainty"

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Author :
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis " The interaction of fiscal and monetary policies in a world with uncertainty" by : Christian H. Beddies

Download or read book " The interaction of fiscal and monetary policies in a world with uncertainty" written by Christian H. Beddies and published by . This book was released on 1997 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Expectations

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Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

Market-Based Monetary Policy Uncertainty

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Market-Based Monetary Policy Uncertainty by : Michael Bauer

Download or read book Market-Based Monetary Policy Uncertainty written by Michael Bauer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A New Age of Uncertainty?

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis A New Age of Uncertainty? by : Jens Weidmann

Download or read book A New Age of Uncertainty? written by Jens Weidmann and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks have faced a succession of crises over the past years as well as a number of structural factors such as a transition to a greener economy, demographic developments, digitalisation and possibly increased onshoring. These suggest that the future inflation environment will be different from the one we know. Thus uncertainty about important macroeconomic variables and, in particular, inflation dynamics will likely remain high. Discussion on what this could mean for monetary policy.