Electronic Money and the Monetary Transmission Process
Author: Frank Hespeler
Publisher: Cuvillier Verlag
Published: 2008
Total Pages: 289
ISBN-13: 3867277605
DOWNLOAD EBOOK →Author: Frank Hespeler
Publisher: Cuvillier Verlag
Published: 2008
Total Pages: 289
ISBN-13: 3867277605
DOWNLOAD EBOOK →Author: D. Bundesbank
Publisher: Springer
Published: 2001-01-29
Total Pages: 329
ISBN-13: 0230595995
DOWNLOAD EBOOK →The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
Author: Deutsche Bundesbank
Publisher:
Published: 2001
Total Pages:
ISBN-13: 9781349415632
DOWNLOAD EBOOK →Author: Steven Durlauf
Publisher: Springer
Published: 2016-04-30
Total Pages: 395
ISBN-13: 0230280854
DOWNLOAD EBOOK →Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Author: Mr.Luis Brandao-Marques
Publisher: International Monetary Fund
Published: 2020-02-21
Total Pages: 54
ISBN-13: 1513529730
DOWNLOAD EBOOK →Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Author: Jan Kakes
Publisher: Edward Elgar Publishing
Published: 2000-01-01
Total Pages: 176
ISBN-13: 9781781959336
DOWNLOAD EBOOK →This work focuses on different aspects of the monetary transmission process, looking at both large and small economies in the EMU. The results offer useful evaluation tools with regard to monetary policy transmission in a European perspective.
Author: Peter J. N. Sinclair
Publisher: Routledge
Published: 2009-12-16
Total Pages: 402
ISBN-13: 1135179778
DOWNLOAD EBOOK →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.
Author: Mr.Hamid Reza Davoodi
Publisher: International Monetary Fund
Published: 2013-02-06
Total Pages: 59
ISBN-13: 1475553498
DOWNLOAD EBOOK →Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation—posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. The paper offers some suggestions for strengthening the MTM in the EAC.