Electronic Money and the Monetary Transmission Process
Title | Electronic Money and the Monetary Transmission Process PDF eBook |
Author | Frank Hespeler |
Publisher | Cuvillier Verlag |
Pages | 289 |
Release | 2008 |
Genre | |
ISBN | 3867277605 |
Monetary Economics
Title | Monetary Economics PDF eBook |
Author | Steven Durlauf |
Publisher | Springer |
Pages | 395 |
Release | 2016-04-30 |
Genre | Performing Arts |
ISBN | 0230280854 |
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Monetary Transmission Process
Title | Monetary Transmission Process PDF eBook |
Author | Deutsche Bundesbank |
Publisher | |
Pages | |
Release | 2001 |
Genre | |
ISBN | 9781349415632 |
The Monetary Transmission Process
Title | The Monetary Transmission Process PDF eBook |
Author | D. Bundesbank |
Publisher | Springer |
Pages | 329 |
Release | 2001-01-29 |
Genre | Business & Economics |
ISBN | 0230595995 |
The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
Monetary Policy Transmission in Emerging Markets and Developing Economies
Title | Monetary Policy Transmission in Emerging Markets and Developing Economies PDF eBook |
Author | Mr.Luis Brandao-Marques |
Publisher | International Monetary Fund |
Pages | 54 |
Release | 2020-02-21 |
Genre | Business & Economics |
ISBN | 1513529730 |
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Money and Credit in the Monetary Transmission Process
Title | Money and Credit in the Monetary Transmission Process PDF eBook |
Author | Karl Brunner |
Publisher | |
Pages | 6 |
Release | 1988 |
Genre | Credit |
ISBN |
Inflation Expectations
Title | Inflation Expectations PDF eBook |
Author | Peter J. N. Sinclair |
Publisher | Routledge |
Pages | 402 |
Release | 2009-12-16 |
Genre | Business & Economics |
ISBN | 1135179778 |
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.