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Monetary Policy

Monetary Policy (Paperback)

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Synopsis

In this text leading monetary economists discuss applied aspects of monetary policy and offer practical research on the timing, magnitude, and channels of central banking actions. The contributors evaluate a variety of policy rules based on monetary aggregates, nominal income, commodity prices, and other economic variables. They also analyze price behaviour and inflation, particularly the short-run behaviour of prices. Other papers examine the monetary transmission mechanism - the channel through which the central bank's actions affect spending on goods and services - with a special focus on the reduction in bank lending that must accompany a reduction in reserves. The book is intended for monetary specialists, graduate students and economists.

BusinessEconomicsEconomic theory & philosophyBusinessEconomicsMacroeconomicsMonetary economics Publisher: The University of Chicago Press Publication Date: 02/04/1997 ISBN-13: 9780226503097  Details: Type: Paperback Format: Books
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