Buch, Englisch, 188 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 426 g
Experiences and Lessons
Buch, Englisch, 188 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 426 g
Reihe: Routledge International Studies in Money and Banking
ISBN: 978-0-415-47847-2
Verlag: Taylor & Francis Ltd (Sales)
The book contains four sections on central issues. The first part discusses the main successes and failures of monetary policy since the 1950s. The second part asks what economists have learned about monetary policy over the past 50 years. It gives an overview on experiences with various monetary strategies, focusing in particular on monetary targeting and its problems, on inflation targeting and why it was successful and the institutional framework for monetary policy. The next section outlines the progress that monetary economists have made since the Bundesbank was founded and discusses the extent to which central banks can rely on "scientific" principles. The final part describes the interaction between monetary policy, fiscal policy and labour markets.
The book provides a comprehensive overview of the main challenges faced by central bankers in the past and how and to what extent monetary economics have been helpful in tackling them. It outlines our current knowledge about the effects of monetary policy and the appropriate institutional framework for central banks and raises some open questions for the future. It will be of great interest to monetary economists, central bankers and economic historians.
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
- Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
Weitere Infos & Material
Introduction (Axel Weber, Deutsche Bundesbank) 1. What have economists learned over the past 50 years? (Lars Svensson, Princeton University & Sveriges Riksbank) [Comments: Takatoshi Ito (Professor, University of Tokio), Bennet McCallum (Professor, Carnegie Mellon University), Athanasios Orphanides (Governor, Central Bank of Cyprus)] 2. Success and failure of monetary policy since the 1950s (David Laidler, University of Western Ontarion) [Comments: Charles Goodhart (London School of Economics), Otmar Issing (Center for Financial Studies, Frankfurt), Don Kohn (Federal Reserve Board)] 3. Monetary policy and its environment: fiscal policy, labour and goods markets (Olivier Blanchard, MIT) [Comments: Wolfgang Franz (President, ZEW), Lars-Hendrik Roeller (European School of Economics and Technology), Hans-Werner Sinn (CESifo)] 4. Will monetary policy become more of a science? (Frederic Mishkin, Federal Reserve Board) [Comments: Richard Clarida (Columbia University), Manfred Neumann (Bonn University), Lucas Papademos (Eiropean Central Bank)]