Monetary Policy

Goals, Institutions, Strategies, and Instruments

Inbunden, Engelska, 2001

Av Peter Bofinger, University of Wuerzburg) Bofinger, Peter (

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This book provides an in-depth description and analysis of monetary policy in Europe and the United States. Unusually for a volume in the field, it focuses on actual monetary policy - targets, institutions, strategies, and instruments - but traditional and contemporary theoretical approaches to monetary policy form the basis for each chapter. Concentrating specifically on the European Central Bank, "Monetary Policy" offers one of the first comprehensive guides to understanding the targets, strategy, and instruments of the ECB.In the past, many books have presented mere descriptions of the institutional framework without providing a theoretical framework, while others have dealt mainly with theoretical aspects, thus neglecting the policy implications of their analysis. By combining a theoretical with a policy-oriented approach, Peter Bofinger succeeds in closing this gap in the monetary policy literature. As a result, his book will appeal to a broad readership, including investment bankers and other professional investors, central bankers, and scholars working in the field.

Produktinformation

Utgivningsdatum2001-10-18
Mått165 x 243 x 30 mm
Vikt807 g
FormatInbunden
SpråkEngelska
Antal sidor476
FörlagOUP OXFORD
ISBN9780199240579

Tillhör följande kategorier

Finansiering inom Ekonomi och ledarskap
Internationella relationer inom Samhalle och politik
Makroekonomi inom Ekonomi och ledarskap
Redovisning inom Ekonomi och ledarskap

1. WHAT IS MONEY? ; 2. The Demand for Money ; 3. The Money Supply Process--Trailhead of the Transmission Process ; 4. Monetary Policy Transmission ; 5. THE ULTIMATE GOAL AND THE FINAL TARGETS OF MONETARY POLICY ; 6. The Institutional Framework for Monetary Policy I: "Rules versus Discretion" ; 7. The Institutional Framework of Monetary Policy II: The Design of the Central Bank Legislation ; 8. Strategies ("Simple Rules") for a Stability-Oriented Monetary Policy ; 9. The Conduct of Monetary Policy by the World's major Central Banks ; 10. The Instruments of Monetary Policy ; 11. Seigniorage and Inflation Tax ; 12. IMPORTANT BUILDING BLOCKS OF OPEN ECONOMY MACROECONOMICS ; 13. Monetary Policy Strategies in an Open Economy

A comprehensive user's guide to monetary policy ... a noble endeavour to improve understanding of the "dark art", to gather all the strands together so that this book is one that both practitioners and non-practitioners alike can benefit from. While central bankers will find it a valuable resource, academics will find it a useful work of reference and it should become a requisite handbook for students of central banking ... It is his [Bofinger's] blend of analysis of institutional practice within a theoretical framework that makes his book so useful.