Monetary Policy During a Transition to Rational Expectations
Author: John B. Taylor
Publisher:
Published: 1974
Total Pages: 21
ISBN-13:
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Author: John B. Taylor
Publisher:
Published: 1974
Total Pages: 21
ISBN-13:
DOWNLOAD EBOOKAuthor: J.J. Sijben
Publisher: Springer
Published: 1980-03-31
Total Pages: 164
ISBN-13:
DOWNLOAD EBOOKAuthor: Giuseppe Ferrero
Publisher:
Published: 2004
Total Pages: 88
ISBN-13:
DOWNLOAD EBOOKAuthor: Thomas J. Sargent
Publisher:
Published: 1975
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: James Grant Hoehn
Publisher:
Published: 1986
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: James Grant Hoehn
Publisher:
Published: 1987
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKAuthor: Ben S. Bernanke
Publisher: University of Chicago Press
Published: 2007-11-01
Total Pages: 469
ISBN-13: 0226044734
DOWNLOAD EBOOKOver the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting—its potential, its successes, and its limitations—from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.
Author: John B. Taylor
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 460
ISBN-13: 0226791262
DOWNLOAD EBOOKThis timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Author: Olivier Basdevant
Publisher: Nova Publishers
Published: 2005
Total Pages: 230
ISBN-13: 9781594545467
DOWNLOAD EBOOKMonetary policy faces a particularly difficult task in most economies going through structural reforms: having to stabilise fluctuations around the trend, central banks have also to deal with a trend that is itself subjected to shifts, as a result of reforms. This book proposes some perspectives on these issues, with various contributions from both practitioners and academics, emphasising how rather simple techniques can be conveniently used to solve complex problems. Several issues are hence considered, each emphasising a particular aspect of the theme proposed: (i) forecasting inflation, with the experience of the Reserve Bank of New Zealand being taken as an example, since this country went through drastic structural change, (ii) understanding underlying trends of inflation, focusing on expectations and data revision, wage-bargaining process and more generally supply effects, since structural change magnifies them, (iii) formulating policy recommendations, the example taken is the strategy towards the euro for Eastern European countries and (iv) assessing risks of sudden stops.
Author: James G. Hoehn
Publisher:
Published: 1986
Total Pages: 52
ISBN-13:
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