Uncertain Inflation And The Role Of Monetary Policy In Models With Rational Expectations And Incomplete Markets
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Uncertain Inflation And The Role Of Monetary Policy In Models With Rational Expectations And Incomplete Markets
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Author : Roland Robert Portait
language : en
Publisher:
Release Date : 1982
Uncertain Inflation And The Role Of Monetary Policy In Models With Rational Expectations And Incomplete Markets written by Roland Robert Portait and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.
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 Performance Of Forecast Based Monetary Policy Rules Under Model Uncertainty
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Author : Andrew T. Levin
language : en
Publisher:
Release Date : 2001
The Performance Of Forecast Based Monetary Policy Rules Under Model Uncertainty written by Andrew T. Levin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Inflation (Finance) categories.
Inflation The Quantity Theory And Rational Expectations
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Author : Eduard Jan Bomhoff
language : en
Publisher: North Holland
Release Date : 1980
Inflation The Quantity Theory And Rational Expectations written by Eduard Jan Bomhoff and has been published by North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Nber Macroeconomics Annual 2003
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Author : Mark Gertler
language : en
Publisher: MIT Press
Release Date : 2004
Nber Macroeconomics Annual 2003 written by Mark Gertler and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.
Essays On Incomplete Information Model Uncertainty And Macroeconomic Policy
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Author : Giacomo Rondina
language : en
Publisher:
Release Date : 2007
Essays On Incomplete Information Model Uncertainty And Macroeconomic Policy written by Giacomo Rondina and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Optimal Monetary Policy Under Bounded Rationality
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Author : Jonathan Benchimol
language : en
Publisher: International Monetary Fund
Release Date : 2019-08-02
Optimal Monetary Policy Under Bounded Rationality written by Jonathan Benchimol 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 2019-08-02 with Business & Economics categories.
The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents' inflation expectations, price level targeting emerges as the optimal policy under myopia regarding the output gap, revenue, or interest rate. To the extent that bygones are not bygones under price level targeting, rational inflation expectations is a minimal condition for optimality in a behavioral world. Instrument rules implementation of this optimal policy is shown to be infeasible, questioning the ability of simple rules à la Taylor (1993) to assist the conduct of monetary policy. Bounded rationality is not necessarily associated with welfare losses.
Temporary Equilibrium
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Author : Jean-Michel Grandmont
language : en
Publisher:
Release Date : 1988
Temporary Equilibrium written by Jean-Michel Grandmont and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Equilibrium (Economics). categories.
The collection of journal articles reproduced in this volume provides a synthesis of the progress made in the last 15 years in the theory of temporary equilibrium. Key Features * Decision making * Competitive assets markets * Models of money * Deterministic dynamics * Stochastic processes * Quantity rationing
Optimal Monetary Policy Under Uncertainty Second Edition
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Author : Richard T. Froyen
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019
Optimal Monetary Policy Under Uncertainty Second Edition written by Richard T. Froyen 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 2019 with Mathematical optimization categories.
This book provides a thorough survey of the model-based literature on optimal monetary in a stochastic setting. The survey begins with the literature of the 1970s which focused on the information problem in policy design and extends to the New Keynesian approach of the 1990s which centered on evaluating alternative targeting strategies. New to the second edition is consideration of research since the world financial crisis on the role of financial markets and institutions in the conduct of monetary policy.
Monetary Policy Strategy
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Author : Frederic S. Mishkin
language : en
Publisher: MIT Press
Release Date : 2009-08-21
Monetary Policy Strategy written by Frederic S. Mishkin and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-21 with Business & Economics categories.
A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econometric evidence, and extensive case studies. This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin is not only an academic expert in the field but also a high-level policymaker. He is especially well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering published papers, new introductory material, and a summing up, “Everything You Wanted to Know about Monetary Policy Strategy, But Were Afraid to Ask,” which reflects on what we have learned about monetary policy over the last thirty years. Mishkin blends theory, econometric evidence, and extensive case studies of monetary policy in advanced and emerging market and transition economies. Throughout, his focus is on these key areas: the importance of price stability and a nominal anchor; fiscal and financial preconditions for achieving price stability; central bank independence as an additional precondition; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency and communication; and the role of asset prices in monetary policy.