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Monetary Policy and Public Finance (Routledge Library Editions: Monetary Economics #3)
by G. C. HockleyThis title, first published in 1970, provides a comprehensive account of the public finance system in Britain. As well as providing a concise outline of the monetary system as a basis for the realistic understanding of public finance, the author also describes the pattern of government expenditure and revenue in the twentieth-century and goes on to give a detailed account of the taxation system up until April 1969. This title will be of interest to students of monetary economics.
Monetary Policy and Unemployment: The US, Euro-area and Japan (Routledge International Studies in Money and Banking)
by Willi SemmlerThis book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti.One of the main aims of the conference was to discuss what potential role monetary policy has on economic activity and unemployment reduction in three key currency zones - the United States, European Union and Japan.
Monetary Policy and the Central Bank in Jordan
by Samar MaziadA report from the International Monetary Fund.
Monetary Policy and the Development of Money Markets
by J.S.G. WilsonThis book traces the developments of the post-war monetary story, with an emphasis both on theory and practice. A survey of monetary policy and a discussion of the effects of a credit squeeze are set against a survey of the very different American scene. Comparative analysis of the 'new money markets' is also included as is discussion of the significant developments in the world's major capital markets.
Monetary Policy and the Economy in South Africa
by Mthuli Ncube Eliphas NdouMonetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs. Each chapter uses data and relevant methodology to answer empirical and pertinent policy questions in South Africa. The book gives new insights into understanding these areas of economic policy and the wider emerging-markets.
Monetary Policy and the Lost Decade: Lessons from Japan
by Daniel LeighA report from the International Monetary Fund.
Monetary Policy and the Oil Market
by Naoyuki Yoshino Farhad Taghizadeh-HesaryWhile oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008-2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy economics is presented in a reader-friendly format without being overloaded with excessive and complicated calculations. enUsed="false" QFormat="true" Name="Subtle Emphasis"/>
Monetary Policy in Central Europe
by Miroslav BeblavýIn this book Miroslav Beblav who has been involved in policy-making at the highest level in his country, offers a detailed study of monetary policy and monetary institutions in the Czech Republic, Hungary, Poland and Slovakia during the 1990s and the early 2000s and a more general look at monetary policy in less developed, but highly open and fin
Monetary Policy in Developing Countries
by Sheila PageDeveloping countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced countries. Low income countries do not have the sophisticated financial sectors that rich ones can assume, and the shocks and size of adjustment which they face may be much greater. Using six country studies, with special analysis of the roles of the external sector and the informal financial sector, this book analyses the interaction among monetary policy, the financial sector, and development.
Monetary Policy in Dollarized Economies
by Adam Bennett Eduardo Borensztein Toms J. T. BalioA report from the International Monetary Fund.
Monetary Policy in India
by Kenneth M. Kletzer Chetan GhateThis book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike. The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.
Monetary Policy in Interdependent Economies: The Task Ahead (Financial and Monetary Policy Studies #55)
by Ioanna T. KokoresThis book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation.The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it.Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.
Monetary Policy in Rwanda: 1964—Present (Frontiers in African Business Research)
by Thomas Kigabo RusuhuzwaThis book analyzes evolution of monetary policy in Rwanda since it was first implemented by the National Bank of Rwanda in 1964 when the bank was established. It contributes to the understanding of monetary policy which is formulation and implementation in different stages of development of a financial system that comprises the financial market (money market and capital market), financial intermediaries such as commercial banks, and the financial sector infrastructures such as payment systems and the credit reference bureau. The book breaks down applied empirical research on the assessment of key assumptions of a monetary targeting framework, namely the stability of money multiplier and money demand using econometrics of time series, through a number of case studies. Presenting a detailed empirical analysis of the monetary transmission mechanism, one of the most analyzed topics in central banks in advanced economies, this book is a valuable read for central bankers and other researchers of monetary policy, particularly in developing economies.
Monetary Policy, Capital Flows and Exchange Rates: Essays in Memory of Maxwell Fry
by William A. Allen David G. DickinsonMaxwell Fry was known internationally for his research into international and domestic financial issues. This book constitutes a tribute to his pioneering work in so many areas, and draws together contributions from a range of academic and policy-making colleagues who were fortunate enough to experience the depth of knowledge and insights which Max
Monetary Policy, Financial Crises, and the Macroeconomy
by Ulrich Klüh Frank Heinemann Sebastian WatzkaThis volume investigates different aspects of monetary policy and prevention of financial crises. It discusses some recently suggested measures for central banks' responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank network, and the interaction between micro- and macro-prudential regulation. It compares different approaches for solving the Eurozone sovereign-debt problem and provides a new and intriguing explanation for rising income inequality. The authors are experts on monetary policy, financial crises, and contract theory from different European universities and central banks.
Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications - Second Edition
by Jordi GalíThe classic introduction to the New Keynesian economic modelThis revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability–oriented strategies adopted by most central banks in the industrialized world.Using a canonical version of the New Keynesian model as a reference, Jordi Galí explores various issues pertaining to monetary policy's design, including optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the effects on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes the zero lower bound on nominal interest rates and an analysis of unemployment’s significance for monetary policy.The most up-to-date introduction to the New Keynesian framework availableA single benchmark model used throughoutNew materials and exercises includedAn ideal resource for graduate students, researchers, and market analysts
Monetary Policy, Leverage, and Bank Risk Taking
by Giovanni Dell'Ariccia Luc Laeven Robert MarquezA report from the International Monetary Fund.
Monetary Policy: A Market Price Approach
by Manuel H. Johnson Robert E. KeleherThis is a comprehensive presentation of how monetary policymakers can use market prices to produce price stability. Drs. Johnson and Keleher show why other conventional methods have failed and why market prices are superior guides for setting monetary policy. Their book presents the rationale, history, and philosophy underlying their approach; offers three forms of empirical research evidence to support it; and presents special methods to use market prices as policy setting guides.
Monetary Politics: Exchange Rate Cooperation in the European Union
by Thomas H. OatleyThis is the first book to describe and analyze the relationships between the Federal Reserve and the president, Congress, bankers, and economists. Far from being politically independent, the Federal Reserve is shown to be sensitive to a wide range of political influences.
Monetary Reform and the Bellagio Group Vol 1: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner
by Carol M Connell Joseph SalernoThe Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
Monetary Reform and the Bellagio Group Vol 2: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner
by Carol M Connell Joseph SalernoThe Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
Monetary Reform and the Bellagio Group Vol 3: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner
by Carol M Connell Joseph SalernoThe Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
Monetary Reform and the Bellagio Group Vol 4: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner
by Carol M Connell Joseph SalernoThe Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
Monetary Reform and the Bellagio Group Vol 5: Selected Letters and Papers of Fritz Machlup, Robert Triffin and William Fellner
by Carol M Connell Joseph SalernoThe Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
Monetary Reform in Theory and Practice (Routledge Revivals)
by Paul EinzigFirst published in 1936, this book gives the reader an insight into the tendencies and spirit of the monetary reform movement as a whole, as accomplished or proposed since the First World War. The author marks the consideration of the overall reform as being more important than specifically looking at the actual proposals and measures involved, and the views he attributes to the various monetary reform schools are therefore composite views of the various factions of those schools. As a comparatively recent convert to the idea of monetary reform, at the time of writing, the author offers a balanced view of the subject as he also has extensive experience of the ideas of the orthodox monetary system. However, he does not believe that monetary reform alone can achieve the desired end without considerable economic planning. Indeed, he suggests that the monetary reform movement he discusses desperately needs to adopt a broader perspective and thus, he suggests a compromise.