Monetary Policy
In this text leading monetary economists discuss applied aspects of monetary policy and offer practical research on the timing, magnitude, and channels of central banking actions. They also analyze price behaviour and inflation, particularly the short-run behaviour of prices. The… Celý popis ↓
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Monetary Policy
In this text leading monetary economists discuss applied aspects of monetary policy and offer practical research on the timing, magnitude, and channels of central banking actions. They also analyze price behaviour and inflation, particularly the short-run behaviour of prices. The contributors evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables.
The book is intended for monetary specialists, graduate students and economists. Other papers examine the monetary transmission mechanism - the channel through which the central bank's actions affect spending on goods and services - with a special focus on the reduction in bank lending that must accompany a reduction in reserves.
Parametre
- Výrobca
- The University of Chicago Pres
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