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Author : Stephen F. Frowen
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.X/5 ( download)
Download or read book Monetary Policy and Economic Activity in West Germany written by Stephen F. Frowen and published by . This book was released on 1977 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christina D. Romer
Publisher : University of Chicago Press
ISBN 13 : 0226724832
Total Pages : 434 pages
Book Rating : 4.2/5 (267 download)
Download or read book Reducing Inflation written by Christina D. Romer and published by University of Chicago Press. This book was released on 2007-12-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Author : Karl W. Roskamp
Publisher : Detroit, Wayne State U. P
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 (91 download)
Download or read book Capital Formation in West Germany written by Karl W. Roskamp and published by Detroit, Wayne State U. P. This book was released on 1965 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andreas Beyer
Publisher :
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.:/5 (31 download)
Download or read book Opting Out of the Great Inflation written by Andreas Beyer and published by . This book was released on 2009 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine an episode of lasting importance in European monetary history. The purpose of this paper is to highlight how the Bundesbank monetary policy strategy contributed to this success. We analyze the strategy as it was conceived, communicated and refined by the Bundesbank itself. We propose a theoretical framework (following Söderström, 2005) where monetary targeting is interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation expectations. We derive an interest rate rule and show empirically that it approximates the way the Bundesbank conducted monetary policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of England. We find that the Bundesbank's policy reaction function was characterized by strong persistence of policy rates as well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response to the level of the output gap was not significant. In our empirical analysis we use real-time data, as available to policymakers at the time. -- Inflation ; Price Stability ; Monetary Policy ; Monetary Targeting ; Policy Rules.
Author : Andrew Cox
Publisher : Springer
ISBN 13 : 1349057649
Total Pages : 276 pages
Book Rating : 4.3/5 (49 download)
Download or read book Politics, Policy and the European Recession written by Andrew Cox and published by Springer. This book was released on 1982-06-18 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hans Hermann Francke
Publisher : Routledge
ISBN 13 : 1136301259
Total Pages : 148 pages
Book Rating : 4.1/5 (363 download)
Download or read book Banking and Finance in West Germany (RLE Banking & Finance) written by Hans Hermann Francke and published by Routledge. This book was released on 2013-05-02 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a clear guide to the German financial system. It begins by outlining its historical development, emphasising the growth of close ties between the banking system and industry, and goes on to describe in details the nature of the credit institutions in general and the money and capital markets. The book emphasizes the crucial role played by the autonomy of the Bundesbank and it explains with clear illustrations the instruments available to it to conduct monetary policy. It analyses the type of monetary target adopted by the Bundesbank in the early 1970s and deals with the ‘transferability’ of the West German financial system to other countries. Wherever relevant, parallels and differences between that system and the ones operating in the US and UK are pointed out.
Author : Jeremy Leaman
Publisher : Springer
ISBN 13 : 1349190403
Total Pages : 298 pages
Book Rating : 4.3/5 (491 download)
Download or read book The Political Economy of West Germany, 1945–85 written by Jeremy Leaman and published by Springer. This book was released on 1988-02-09 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The post-war emergence of West Germany as the dominant economic power in Europe gave rise to the mythology of the 'economic miracle' and the model policies of the 'social market economy'. This study reveals a mundane reality of class politics in which democratic institutions have become increasingly marginalised by big capital and by an unelected central bank. Economic policy has failed to halt the recent slide into mass unemployment and has reverted optimistically to the plan-less export drives of the fifties. The absence of the earlier advantages, the author claims, bodes ill for the future of 'model Germany'.
Author : Peter J. N. Sinclair
Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)
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.
Author : Henry Christopher Wallich
Publisher : Praeger
ISBN 13 :
Total Pages : 460 pages
Book Rating : 4.X/5 ( download)
Download or read book Mainsprings of the German Revival written by Henry Christopher Wallich and published by Praeger. This book was released on 1976-11-24 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Franziska Ohnsorge
Publisher : World Bank Publications
ISBN 13 : 1464817545
Total Pages : 397 pages
Book Rating : 4.4/5 (648 download)
Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
Author : Sebastian Edwards
Publisher : Cambridge University Press
ISBN 13 : 9780521597111
Total Pages : 452 pages
Book Rating : 4.5/5 (971 download)
Download or read book Capital Controls, Exchange Rates, and Monetary Policy in the World Economy written by Sebastian Edwards and published by Cambridge University Press. This book was released on 1997-06-13 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
Author : Michael Albert
Publisher : John Wiley & Sons
ISBN 13 : 1870332547
Total Pages : 274 pages
Book Rating : 4.8/5 (73 download)
Download or read book Capitalism Against Capitalism written by Michael Albert and published by John Wiley & Sons. This book was released on 2009-01-27 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Communism has collapsed. Capitalism has rid itself of the competition on which it thrives. But though now victorious, capitalism has become a threat. The future of us all may be shaped by the outcome of the conflict between capitalism as victor and capitalism as threat. Not only in Europe, but also in the US and Japan - and no doubt shortly in the Eastern countries too - the great debate is capitalism versus capitalism. On the one hand is the "neo-American" model based on individual achievement and short-term profits. On the other is the Rhine model practices in Switzerland, Germany, Benelux, Northern Europe and, partly, in Japan. In the Rhine model collective achievement and public concensus are seen as the keys to long-term success. The first is more seductive, the second more effective. These two opposing forms of capitalism are engaged in a war which, like all internal conflicts, involves both secrecy and even hypocrisy. The outcome of this struggle could affect the quality of life on all levels of society. The author of this book aims to provide a synthesis which will force the reader to consider the political and economic issues at stake towards the end of the century.
Author : D.E. Fair
Publisher : Springer Science & Business Media
ISBN 13 : 9400962045
Total Pages : 427 pages
Book Rating : 4.4/5 (9 download)
Download or read book Government Policies and the Working of Financial Systems in Industrialized Countries written by D.E. Fair and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers collected in this volume are those presented at the eleventh Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF) which took place in Madrid in October 1983. The Society is supported by a large number of central banks, commercial banks and other financial and business institutions, by treasury officials and by academics and others interested in monetary and financial problems. Since its establishment in 1963 it has developed as a forum for the exchange of informa tion, research results and ideas, valued by academics and practitioners in these fields, including central bank officials and civil servants responsible for formulat ing and applying monetary and financial policies. A major activity of SUERF is to organize and conduct Colloquia on sub jects of topical interest to members. The titles, places and dates of previous Col loquia for which volumes of the collected Papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarra gona, Spain in October 1970 under the title "Monetary Policy and New Develop ments in Banking" and at Strasbourg, France in January 1972 under the title "Aspects of European Monetary Union".
Author : Anthony S. Courakis
Publisher : Rowman & Littlefield
ISBN 13 : 9780389201441
Total Pages : 392 pages
Book Rating : 4.2/5 (14 download)
Download or read book Inflation, Depression, and Economic Policy in the West written by Anthony S. Courakis and published by Rowman & Littlefield. This book was released on 1981 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experience during the last ten years has encouraged economists to review their judgements regarding behavior and policy. The experience of the 1970s brought inflation to prominence in the minds of policymakers and academic economists, raising questions about labor markets and other supply considerations, but also resulting in an atmosphere conducive to increasing attention on monetary and financial variables. An account of some of the issues that, in this environment, occupied the thoughts of economists and conditioned the responses of policymakers in various Western countries is what this volume is about.
Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : David M. Olson
Publisher : Cambridge University Press
ISBN 13 : 9780521381031
Total Pages : 252 pages
Book Rating : 4.3/5 (81 download)
Download or read book Legislatures in the Policy Process written by David M. Olson and published by Cambridge University Press. This book was released on 1991-05-16 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thi book will be of interest to specialists and students of politics and economic policy making.
Author : Kenneth J. Singleton
Publisher : University of Chicago Press
ISBN 13 : 0226760685
Total Pages : 208 pages
Book Rating : 4.2/5 (267 download)
Download or read book Japanese Monetary Policy written by Kenneth J. Singleton and published by University of Chicago Press. This book was released on 2007-12-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.
