Perspectives On Inflation Targeting Financial Stability And The Global Crisis
DOWNLOAD
Download Perspectives On Inflation Targeting Financial Stability And The Global Crisis PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Perspectives On Inflation Targeting Financial Stability And The Global Crisis book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Perspectives On Inflation Targeting Financial Stability And The Global Crisis
DOWNLOAD
Author : Bank for International Settlements
language : en
Publisher:
Release Date : 2010
Perspectives On Inflation Targeting Financial Stability And The Global Crisis written by Bank for International Settlements and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Perspectives On Inflation Targeting Financial Stability And The Global Crisis
DOWNLOAD
Author : Contributions to the BIS-sponsored sessions at the annual LACEA meetings in 2008 and 2009
language : en
Publisher:
Release Date : 2010
Perspectives On Inflation Targeting Financial Stability And The Global Crisis written by Contributions to the BIS-sponsored sessions at the annual LACEA meetings in 2008 and 2009 and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Perspectives On Inflation Targeting Financial Stability And The Global Crisis
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2010
Perspectives On Inflation Targeting Financial Stability And The Global Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Anti-inflationary policies categories.
Inflation Targeting And Financial Stability
DOWNLOAD
Author : Michael Heise
language : en
Publisher: Springer
Release Date : 2019-02-26
Inflation Targeting And Financial Stability written by Michael Heise and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-26 with Business & Economics categories.
Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.
Inflation Targeting And Financial Stability
DOWNLOAD
Author : Michael Heise
language : en
Publisher:
Release Date : 2019
Inflation Targeting And Financial Stability written by Michael Heise and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Inflation targeting categories.
Since the financial crisis of 2008/09, the world's major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.
Excerpt Challenges For Central Banking
DOWNLOAD
Author : Mr.Yan Carriere-Swallow
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-29
Excerpt Challenges For Central Banking written by Mr.Yan Carriere-Swallow 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 2016-09-29 with Business & Economics categories.
This paper provides a regional perspective on these challenges by including chapters authored by central bankers from Latin America, as well as IMF experts. The paper also provides a panoramic overview of the policy progress made to date and the challenges that lie ahead for central banks in the region. It places the subject in historical context by looking at how central banks in the region have evolved over the past century and outlines the challenges ahead in a more financially integrated global economy. Since the global financial crisis, central banking has been undergoing a massive renovation. The crisis brought to light fundamental challenges for central bankers in terms of purpose, instruments, and what we hope to achieve. An overarching theme that connects us in both advanced and emerging market economies alike is that of setting monetary policies in an increasingly financially integrated world and addressing the underlying challenges that this presents. Looking forward, concerns have shifted to the challenges of price stability in a world of globally integrated capital markets.
Inflation Targeting And Financial Stability
DOWNLOAD
Author : Pierre-Richard Agénor
language : en
Publisher:
Release Date : 2013
Inflation Targeting And Financial Stability written by Pierre-Richard Agénor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Inflation targeting categories.
Strengthening The Monetary Policy Framework In Korea
DOWNLOAD
Author : Kevin Clinton
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-13
Strengthening The Monetary Policy Framework In Korea written by Kevin Clinton 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 2019-05-13 with Business & Economics categories.
Adoption of inflation targeting by the Bank of Korea (BOK) in 1998 contributed to low and stable inflation. However, after the global financial crisis (GFC) monetary policy faced more challenging conditions. Inflation slipped below the target range in 2012 and remains below it despite a cut in the target to 2 percent in 2016. Policy also became more complex with the addition of financial stability to the central bank’s mandate. To address these challenges, this paper proposes a two-pronged approach to strengthen the effectiveness with which monetary policy can meet its objectives: first, enhanced communication on how the target will be achieved over the medium-term, building on a forecasting and policy analysis system; and, second, by clarifying the complementary role of macroprudential policy in containing financial stability risks so that monetary policy can focus on the inflation target. Simulation of a macro model calibrated to Korea illustrates how it can be used to provide this greater medium-term focus on achieving the inflation target and strengthen communication.
Perspective Ale Intirii Infla Iei Perspectives Of The Inflation Targeting
DOWNLOAD
Author : Ramona Dumitriu
language : en
Publisher:
Release Date : 2014
Perspective Ale Intirii Infla Iei Perspectives Of The Inflation Targeting written by Ramona Dumitriu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
English Abstract: This paper explores some recent challenges for the inflation targeting. The circumstances are different for the emerging market countries and for the industrialized ones. In many emerging market countries the central banks adopted more or less formally the inflation targeting, in order to gain appreciation from the international financial institutions. Most of these central banks announced the applying of a flexible inflation targeting which could mask the time-inconsistent monetary policy. The vulnerability of the financial systems from emerging market countries undermines the inflation targeting credibility. In the new circumstances of the global crisis, a relaxed form of exchange rate targeting could be, for many of these countries, more adequate than the inflation targeting. For most of the industrialized countries the years of explicit or implicit inflation targeting coincided with a period of price stability. However, the recent global crisis revealed the danger of neglecting the financial stability. Moreover, the raise of unemployment could determine the governments of some industrialized countries to abandon the monetarist principles, which offered a favorable framework to inflation targeting, in the favor of Keynesian principles.
New Perspectives On Asset Price Bubbles
DOWNLOAD
Author : Douglas D. Evanoff
language : en
Publisher: OUP USA
Release Date : 2012-02-08
New Perspectives On Asset Price Bubbles written by Douglas D. Evanoff and has been published by OUP USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-08 with Business & Economics categories.
This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.