The Monetary Policy of the ECB, 2004
Author : European Central Bank
Publisher :
Page : 136 pages
File Size : 15,28 MB
Release : 2004
Category : Banks and banking, Central
ISBN :
Author : European Central Bank
Publisher :
Page : 136 pages
File Size : 15,28 MB
Release : 2004
Category : Banks and banking, Central
ISBN :
Author : Otmar Issing
Publisher : Cambridge University Press
Page : 220 pages
File Size : 28,71 MB
Release : 2001-07-26
Category : Business & Economics
ISBN : 9780521788885
A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.
Author : Hanspeter K. Scheller
Publisher :
Page : 229 pages
File Size : 11,86 MB
Release : 2006
Category : Banks and banking, Central
ISBN : 9789289900270
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.
Author : Helge Berger
Publisher : International Monetary Fund
Page : 66 pages
File Size : 28,52 MB
Release : 2008-07
Category : Business & Economics
ISBN :
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete picture of the economy. However, treating monetary factors as a separate matter is a second-best solution. Instead, a general-equilibrium inspired analytical framework that merges the economic and monetary "pillars" of the ECB's policy strategy appears the most promising way forward. The role played by monetary aggregates in such unified framework may be rather limited. However, an integrated framework would facilitate the presentation of policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and financial sector variables, including asset prices, and their impact on consumer prices.
Author : D. Howarth
Publisher : Springer
Page : 292 pages
File Size : 19,64 MB
Release : 2003-05-14
Category : Business & Economics
ISBN : 0230503101
David Howarth and Peter Loedel provide a theoretically inspired account of the creation, design and operation of the European Central Bank. Issues explored include the theoretical approaches to the ECB, the antecedents of European monetary authority, the different national perspectives on central bank independence, the complex organisation of the bank, the issues of accountability and the difficult first years of the ECB in operation.
Author : Massimo Rostagno
Publisher : Oxford University Press
Page : 449 pages
File Size : 46,31 MB
Release : 2021
Category : Business & Economics
ISBN : 0192895915
The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume examines the structures and decision-making processes behind the complex measures taken by the ECB to tackle some of the toughest economic challenges in the history of modern Europe.
Author : Board of Governors of the Federal Reserve System
Publisher :
Page : 0 pages
File Size : 39,55 MB
Release : 2002
Category : Banks and Banking
ISBN : 9780894991967
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author : Frederic S. Mishkin
Publisher : MIT Press
Page : 561 pages
File Size : 22,9 MB
Release : 2007
Category : Monetary policy
ISBN : 0262134829
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 Strategydescribes 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 anch 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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 31,87 MB
Release : 2015-10-23
Category : Business & Economics
ISBN : 1498344062
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Author : Mr.Giovanni Dell'Ariccia
Publisher : International Monetary Fund
Page : 54 pages
File Size : 24,4 MB
Release : 2018-09-07
Category : Business & Economics
ISBN : 1484359623
This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.