Buch, Englisch, 130 Seiten, Format (B × H): 150 mm x 231 mm, Gewicht: 204 g
Buch, Englisch, 130 Seiten, Format (B × H): 150 mm x 231 mm, Gewicht: 204 g
Reihe: Routledge International Studies in Money and Banking
ISBN: 978-0-367-58944-8
Verlag: Taylor & Francis Ltd (Sales)
Nominal income targeting, though not new in monetary theory, was relegated in economic theory following the Keynesian revolution, up until the financial crisis of 2008, when it began to receive renewed attention. This book fills a gap in the literature available to researchers, academics, and policy makers on the benefits of nominal income targeting against alternative monetary rules.
It starts with the theoretical foundations of monetary equilibrium. With this foundation laid, it then deals with nominal income targeting as a monetary policy rule. What are the differences between NGDP Targeting and Hayek’s rule? How do these rules stand up against other monetary rules like inflation targeting, the Taylor rule, or Friedman’s k-percent?
Nominal income targeting is a rule which is better equipped to avoid monetary disequilibrium when there is no inflation. Therefore, a book that explores the theoretical foundation of nominal income targeting, comparing it with other monetary rules, using the 2008 crisis to assess it and laying out monetary policy reforms towards a nominal income targeting rule will be timely and of interest to both academics and policy makers.
Zielgruppe
Postgraduate and Undergraduate
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
- Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
- Rechtswissenschaften Wirtschaftsrecht
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
Weitere Infos & Material
Introduction; Chapter 1: Free Banking and Monetary Equilibrium; Chapter 2: Nominal Income Targeting and the Productivity Norm; Chapter 3: Nominal Income Targeting and Monetary Rules; Chapter 4: Nominal Income Targeting and Monetary Disequilibrium; Chapter 5: Nominal Income Targeting as Market Outcome versus Policy Outcome; Chapter 6: The 2008 Financial Crisis; Chapter 7: Monetary Reforms Towards Nominal Income Targeting