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Author : William C. Whitesell
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.E/5 ( download)
Download or read book Tunnels and Reserves in Monetary Policy Implementation written by William C. Whitesell and published by . This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ulrich Bindseil
Publisher : OUP Oxford
ISBN 13 : 0191608475
Total Pages : 288 pages
Book Rating : 4.1/5 (916 download)
Download or read book Monetary Policy Implementation written by Ulrich Bindseil and published by OUP Oxford. This book was released on 2004-12-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first of its kind, this book is entirely dedicated to the implementation of monetary policy. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end of 'reserve position doctrine' and the return of an explicit focus on short-term interest rates. Enthusiastically supported by Keynes and later by the monetarist school, reserve position doctrine was developed mainly by US central bankers and academics during the early 1920s, and at least in the US became the unchallenged dogma of monetary policy implementation for sixty years. The return of interest rate targeting also corresponds largely to the restoration of central banking principles established in the late 19th century. Providing a simple theory of monetary policy implementation, Bindseil goes on to explain the role of the three main instruments (open market operations, standing facilities, and reserve requirements) and reviews their use in the twentieth century. In closing, he summarizes current views on efficient monetary policy implementation.
Author : Stefan W. Schmitz
Publisher : Routledge
ISBN 13 : 1134175116
Total Pages : 190 pages
Book Rating : 4.1/5 (341 download)
Download or read book Institutional Change in the Payments System and Monetary Policy written by Stefan W. Schmitz and published by Routledge. This book was released on 2007-01-24 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all". - Erkki Liikanen, Governor of the Bank of Finland Monetary policy has been at the centre of economic research from the early stages of economic thought, but payment system research has attracted increased academic attention only in the past decade. This book’s succeeds in merging these two so far largely separated fields. Innovative and groundbreaking, Schmitz and Woods initiate research on the interdependence of institutional change in the payments system and monetary policy, examining the different channels via which payment systems affect monetary policy. It explores important themes such as: conceptualization and methods of analysis of institutional change in the payments system determinants of institutional change in the payments system – political-economy versus technology empirics of institutional change in the retail and in the wholesale payments systems – policy initiatives and new technologies in the payments system implications of institutional change in the payments system for monetary policy and the instruments available to central banks to cope with it. The result is an accessible overview of conceptual and methodological approaches to institutional change in payment systems, and a comprehensive and yet thorough assessment of its implications for monetary policy. The insights this timely book provides will be invaluable for researchers and practitioners in the field of monetary economics.
Author : Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
ISBN 13 : 1783472243
Total Pages : 465 pages
Book Rating : 4.7/5 (834 download)
Download or read book Advances in Endogenous Money Analysis written by Louis-Philippe Rochon and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by the theory of money in post-Keynesian monetary theory. The expert contributors to this enlightening book revisit long-standing debates on the endogeneity of money from the position of both horizontalists and structuralists, and prescribe new areas of research and debate for post-Keynesian scholars to explore.
Author : Marc Lavoie
Publisher : Edward Elgar Publishing
ISBN 13 : 1839100095
Total Pages : 416 pages
Book Rating : 4.8/5 (391 download)
Download or read book Post-Keynesian Monetary Theory written by Marc Lavoie and published by Edward Elgar Publishing. This book was released on 2020-09-25 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.
Author : Conglin Xu
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (26 download)
Download or read book Three Essays on Financial Markets and Monetary Policy written by Conglin Xu and published by . This book was released on 2011 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Athanasios Orphanides
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.E/5 ( download)
Download or read book Historical Monetary Policy Analysis and the Taylor Rule written by Athanasios Orphanides and published by . This book was released on 2003 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip Arestis
Publisher : Edward Elgar Publishing
ISBN 13 : 1847202802
Total Pages : 535 pages
Book Rating : 4.8/5 (472 download)
Download or read book A Handbook of Alternative Monetary Economics written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2006 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of over 30 major contributions that explore a range of work on money and finance. The contributions in this handbook cover the origins and nature of money, detailed analyses of endogenous money, surveys of empirical work on endogenous money and the nature of monetary policy when money is endogenous.
Author : Yueh-Yun C. O'Brien
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.E/5 ( download)
Download or read book Reserve Requirement Systems in OECD Countries written by Yueh-Yun C. O'Brien and published by . This book was released on 2007 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ben Bernanke
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.E/5 ( download)
Download or read book Monetary Policy Alternatives at the Zero Bound written by Ben Bernanke and published by . This book was released on 2004 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on "non-standard" policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate "noarbitrage" models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset"--Abstract.
Author : Seth B. Carpenter
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.E/5 ( download)
Download or read book Transparency and Monetary Policy written by Seth B. Carpenter and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ben Bernanke
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.E/5 ( download)
Download or read book Measuring the Effects of Monetary Policy written by Ben Bernanke and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Feroli
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)
Download or read book Monetary Policy and the Information Content of the Yield Spread written by Michael Feroli and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper demonstrates that the ability of the yield spread to predict output fluctuations is contingent on the monetary authority's reaction function. In particular, expectations of monetary policy actions are crucial for the spread to predict output conditional on the short-rate. Furthermore, numerical experiments suggest that the post-1979 decrease in the yield spread's predictive power is due to a shift in the monetary policy reaction function at that time"--Abstract.
Author : Athanasios Orphanides
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.E/5 ( download)
Download or read book Monetary Policy with Imperfect Knowledge written by Athanasios Orphanides and published by . This book was released on 2005 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the performance and robustness of monetary policy rules when the central bank and the public have imperfect knowledge of the economy and continuously update their estimates of model parameters. We find that versions of the Taylor rule calibrated to perform well under rational expectations with perfect knowledge perform very poorly when agents are learning and the central bank faces uncertainty regarding natural rates. In contrast, difference rules, in which the change in the interest rate is determined by the inflation rate and the change in the unemployment rate, perform well when knowledge is both perfect and imperfect.
Author : John M. Roberts
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.E/5 ( download)
Download or read book Monetary Policy and Inflation Dynamics written by John M. Roberts and published by . This book was released on 2004 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since the early 1980s, the United States economy has changed in some important ways: Inflation now rises considerably less when unemployment falls and the volatility of output and inflation have fallen sharply. This paper examines whether changes in monetary policy can account for these phenomena. The results suggest that changes in the parameters and shock volatility of monetary policy reaction functions can account for most or all of the change in the inflation-unemployment relationship. As in other work, monetary-policy changes can explain only a small portion of the output growth volatility decline. However, changes in policy can explain a large proportion of the reduction in the volatility of the output gap. In addition, a broader concept of monetary-policy changes--one that includes improvements in the central bank's ability to measure potential output--enhances the ability of monetary policy to account for the changes in the economy"--Abstract.
Author : United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance
Publisher :
ISBN 13 :
Total Pages : 678 pages
Book Rating : 4.0/5 (18 download)
Download or read book Compendium on Monetary Policy Guidelines and Federal Reserve Structure written by United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance and published by . This book was released on 1968 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States Congress. House. Banking and Currency Committee
Publisher :
ISBN 13 :
Total Pages : 678 pages
Book Rating : 4.F/5 ( download)
Download or read book Compendium on Monetary Policy Guidelines and and Federal Reserve Structure written by United States Congress. House. Banking and Currency Committee and published by . This book was released on 1968 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt:
