Inflation Mechanisms Expectation And Monetary Policy
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Inflation Mechanisms Expectation And Monetary Policy
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Author :
language : en
Publisher:
Release Date : 2016
Inflation Mechanisms Expectation And Monetary Policy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Monetary Policy
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Author : Norman Loayza
language : en
Publisher:
Release Date : 2002
Monetary Policy written by Norman Loayza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Monetary policy categories.
Rational Expectations And Monetary Policy
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Author : J.J. Sijben
language : en
Publisher: Springer
Release Date : 1980-03-31
Rational Expectations And Monetary Policy written by J.J. Sijben and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980-03-31 with Business & Economics categories.
Monetary Policy Mistakes And The Evolution Of Inflation Expectations
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Author : Athanasios Orphanides
language : en
Publisher: DIANE Publishing
Release Date : 2010
Monetary Policy Mistakes And The Evolution Of Inflation Expectations written by Athanasios Orphanides and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
What monetary policy framework, if adopted by the Federal Reserve, would have avoided the Great Inflation of the 1960s and 1970s? The authors use counterfactual simulations of an estimated model of the U.S. economy to evaluate alternative monetary policy strategies. The authors document that policymakers at the time both had an overly optimistic view of the natural rate of unemployment and put a high priority on achieving full employment. They show that in the presence of realistic informational imperfections and with an emphasis on stabilizing economic activity, an optimal control approach would have failed to keep inflation expectations well anchored, resulting in highly volatile inflation during the 1970s. Charts and tables.
Inflation Expectations
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Author : Peter J. N. Sinclair
language : en
Publisher: Routledge
Release Date : 2009-12-16
Inflation Expectations written by Peter J. N. Sinclair and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-16 with Business & Economics categories.
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.
The Preparation Of Monetary Policy
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Author : J.M. Berk
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
The Preparation Of Monetary Policy written by J.M. Berk and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Business & Economics categories.
Standard macroeconomic monographs often discuss the mechanism of monetary transmission, usually ending by highlighting the complexities and uncertainties involved in this mechanism. Conversely, The Preparation of Monetary Policy takes these uncertainties as a starting point, analytically investigating their nature and spelling out their consequences for the monetary policy maker. The second innovative aspect of this book is its focus on policy preparation instead of well-covered topics such as monetary policy strategy, tactics, and implementation. Thirdly, a general, multi-model framework for preparing monetary policy is proposed, which is illustrated by case studies stressing the role of international economic linkages and of expectations. Written in a self-contained fashion, these case studies are of interest by themselves. The book is written for an audience that is interested in the art and science of monetary policy making, which includes central bankers, academics, and (graduate) students in the field of monetary economics, macroeconomics, international economics and finance.
Monetary Policies And Inflation Targeting In Emerging Economies
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Author : de Mello Luiz
language : en
Publisher: OECD Publishing
Release Date : 2008-04-15
Monetary Policies And Inflation Targeting In Emerging Economies written by de Mello Luiz and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with categories.
This book, based on the proceedings of a conference organised by the OECD and the Bank of England's Centre for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance.
Capacity Constraints Inflation And The Transmission Mechanism
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Author : Mr.Peter B. Clark
language : en
Publisher: International Monetary Fund
Release Date : 1995-08
Capacity Constraints Inflation And The Transmission Mechanism written by Mr.Peter B. Clark and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-08 with Business & Economics categories.
This paper develops a small model of the output-inflation process in the United States in order to examine the implications of alternative monetary policy rules. In particular, two types of policy rules are considered; a myopic rule where interest rates respond contemporaneously to output and inflation and a forward-looking policy rule that exploits information about the nature of transmission mechanism in the setting of interest rates. The model has two key features. First, there are significant lags between interest rates and aggregate demand conditions. Second, the model is based on an asymmetric model of inflation where positive deviations of aggregate demand from potential are more inflationary than negative deviations are disinflationary. As a consequence of this asymmetry, a policymaker that follows a myopic policy rule and allows the economy to overheat periodically will be forced to impose large recessions on the economy to keep inflation under control. The paper shows that the estimated degree of asymmetry implies that myopic policies can result in significant permanent losses in output. By contrast, policymakers that follow a forward-looking policy rule that avoids overheating will not only reduce the variance of output but also raise the mean level of output.
Inflation Expectations Uncertainty And Monetary Policy Remarks By Athanasios Orphanides And Lars E O Svensson
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Author :
language : en
Publisher:
Release Date : 2009
Inflation Expectations Uncertainty And Monetary Policy Remarks By Athanasios Orphanides And Lars E O Svensson written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Inflation (Finance) categories.
Handbook Of Monetary Economics Vols 3a 3b Set
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Author : Benjamin M. Friedman
language : en
Publisher: Newnes
Release Date : 1990
Handbook Of Monetary Economics Vols 3a 3b Set written by Benjamin M. Friedman and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policies Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years