0 item | Rs. 0.00 / $ 0.00

Item succesfully added to cart

Monetary Policy Strategy

by Frederic S. Mishkin

Publisher: PHI Learning

Price (INR):Rs 495.00


Price (USD): $ 12.38

Available


Rate this book

About the book

This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. The book discusses the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. It sums up “Everything You Wanted to Know about Monetary Policy Strategy, But Were Afraid to Ask,” and reflects on what we have learnt about monetary policy over the last thirty years. The book blends theory, empirical evidence, and extensive case studies of monetary policy in advanced and emerging market and transition economies. Throughout, its focus is on the following 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 the role of asset prices in monetary policy. CONTENTS: Preface I How Did We Get Here? 1. Fundamental Issues in the Conduct of Monetary Policy 2. What Should Central Banks Do? 3. The Transmission Mechanism and the Role of Asset Prices in Monetary Policy 4. The Role of Output Stabilization in the Conduct of Monetary Policy 5. Can Central Bank Transparency Go Too Far? 6. Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy? 7. Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty II Monetary Policy Strategy in Advanced Economies 8. Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries. 9. Inflation Targeting: A New Framework for Monetary Policy? 10. International Experience with Different Monetary Policy Regimes 11. Why the Federal Reserve Should Adopt Inflation Targeting III Monetary Policy Strategy in Emerging Market and Transition Economies 12. Inflation Targeting in Emerging Market Countries 13. Monetary Policy Strategies for Latin America 14. Monetary Policy Strategies for Emerging Market Countries: Lessons from Latin America 15. Inflation Targeting in Transition Economies: Experience and Prospects 16. A Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know? 17. The Dangers of Exchange-Rate Pegging for Emerging Market Countries 18. The Mirage of Exchange-Rate Regimes for Emerging Market Countries IV What Have We Learned? 19. Everything You Wanted to Know about Monetary Policy Strategy, but Were Afraid to Ask Sources Index

Details of the book

Book :
Monetary Policy Strategy
Book ID :
12041
Author :
Frederic S. Mishkin
ISBN 13 :
9788120339576
Year of Publication :
2009
Edition :
First
Publisher :
PHI Learning
Binding :
Softcover
Pages :
560
Weight :
1 kg

Books of related interest


© 2008-2020 BookVistas.com - All Rights Reserved