Rules Discretion And Central Bank Independence

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Rules Discretion And Central Bank Independence

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Author : Bernhard Eschweiler
language : en
Publisher:
Release Date : 1993

Rules Discretion And Central Bank Independence written by Bernhard Eschweiler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Banks and banking, Central categories.

Rules Discretion And Central Bank Independence

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Author : Bernhard Eschweiler
language : es
Publisher:
Release Date : 1993

Rules Discretion And Central Bank Independence written by Bernhard Eschweiler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

Central Bank Independence Targets And Credibility

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Author : Francesco Lippi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999-01-27

Central Bank Independence Targets And Credibility written by Francesco Lippi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-27 with Business & Economics categories.

This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.

Central Bank Independence

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Author : Jan Kleineman
language : en
Publisher: BRILL
Release Date : 2021-10-18

Central Bank Independence written by Jan Kleineman and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-18 with Law categories.

In December 1999, prior to the forming of a Stockholm Centre for Commercial Law, an international symposium entitled Central Bank Independence was held at the Department of Law at Stockholm University in co-operation with the Swedish Central Bank (The Riksbank) and Queen Mary and Westfield College, London University. The participants were principally political, economic and legal specialists in the field, all with considerable international experience. This led to the topic being examined in detail from many different perspectives. This publication includes contributions by the participants and contains many important facts for those readers who wish to study and understand the different consequences of the yielding of control over financial policymaking by the traditional political organisations to a body of experts. For readers in some countries, who realise that the subject will revolutionise traditional Constitutional and Administrative Law, the topic and therefore this publication, cannot be ignored.

Institutions And Monetary Policy

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Author : Eric Schaling
language : en
Publisher: Edward Elgar Publishing
Release Date : 1995

Institutions And Monetary Policy written by Eric Schaling and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.

Central bank independence is a key issue for political and monetary authorities in many countries. In this text, the author looks at the impact of different central banks on price stability and macroeconomic performance, and their optimal degree of legislative independence.

Rules Versus Discretion In The Conduct Of Economic Policy

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Author : Nigel Lawson
language : en
Publisher:
Release Date : 1991

Rules Versus Discretion In The Conduct Of Economic Policy written by Nigel Lawson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Economic policy categories.

Unelected Power

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Author : Paul Tucker
language : en
Publisher: Princeton University Press
Release Date : 2019-09-10

Unelected Power written by Paul Tucker and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-10 with Business & Economics categories.

Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Rules Versus Discretion

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Author : John B. Taylor
language : en
Publisher:
Release Date : 2017

Rules Versus Discretion written by John B. Taylor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.

This paper reviews the state of the debate over rules versus discretion in monetary policy, focusing on the role of economic research in this debate. It shows that proposals for policy rules are largely based on empirical research using economic models. The models demonstrate the advantages of a systematic approach to monetary policy, though proposed rules have changed and generally improved over time. Rules derived from research help central bankers formulate monetary policy as they operate in domestic financial markets and the global monetary system. However, the line of demarcation between rules and discretion is difficult to establish in practice which makes contrasting the two approaches difficult. History shows that research on policy rules has had an impact on the practice of central banking. Economic research also shows that while central bank independence is crucial for good monetary policy making, it has not been enough to prevent swings away from rules-based policy, implying that policy-makers might consider enhanced reporting about how rules are used in monetary policy. The paper also shows that during the past year there has been an increased focus on policy rules in implementing monetary policy in the United States.

Central Bank Independence Regulations And Monetary Policy

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Author : Ranajoy Ray Chaudhuri
language : en
Publisher: Springer
Release Date : 2018-10-29

Central Bank Independence Regulations And Monetary Policy written by Ranajoy Ray Chaudhuri and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-29 with Business & Economics categories.

This book examines the linkage between central bank structure, central bank autonomy—with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence—and monetary policy, both in select benchmark countries and at a broader theoretical level. Country-specific chapters on the US, UK, Germany, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and independence of the central monetary authority in these countries. The chapters go on to explore the countries’ conduct of monetary policy, their interplay with political forces and the wider economy, their currency, and their macroeconomic outcomes. The book will appeal to researchers, students of economics, finance and business, as well as general readers with an interest in the subject.

Credibility Of Central Bank Independence Revisited

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Author : Mr.Timo Valila
language : en
Publisher: International Monetary Fund
Release Date : 1999-01-01

Credibility Of Central Bank Independence Revisited written by Mr.Timo Valila 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 1999-01-01 with Business & Economics categories.

The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent central bank is endogenous to the credibility of the inflation target because a “conservative” inflation target may not be compatible with the fiscal policy stance. Also, lack of transparency in designing the institutional set-up is shown to be welfare-reducing.