Monetary Theory and Policy Experience

2001. Auflage 2001
ISBN: 978-0-333-96089-9
Verlag: Palgrave MacMillan UK

Buch, Englisch, 363 Seiten, Format (B × H): 147 mm x 223 mm, Gewicht: 685 g

Reihe: International Economic Association Series

Monetary Theory and Policy Experience offers a broad context for the question of why governments prefer to limit themselves to a specific inflation target. Academic specialists and senior officials of the European Central Bank, the OECK and national central banks look beyond inflation targeting as the goal of monetary policy. Nobel Laureate Robert Mundell, surveys the history and prospects of the sovereignty of the state over money, while Michael Bordo and Lars Jonung use data of fourteen industrialized countries over the past century to show relationships between fiscal and monetary regimes.

Zielgruppe

Research

Autoren/Hrsg.

Leijonhufvud, Axel

Inhaltsverzeichnis

The International Economic Association Acknowledgements Notes on the Contributors List of Abbreviations and Acronyms Introduction; A.Leijonhufvud PART I: CENTRAL BANKING EXPERIENCE Putting Central Banks in Their Place; J.Crow Monetary Theory as a Basis for Monetary Policy: Reflections of a Central Banker; O.Issing Comment; L.Pasinetti Comment; L.Spaventa Monetary Policy and Economic Performance: The Recent Experience of the United States and Japan; K.Shigehara What Have Monetary Economists Done for Central Bankers?; P.Pou PART II: THE 'MODUS OPERANDI' OF MONETARY POLICY Inflation and/or Exchange Rate Targets for Monetary Policy?; N.Thygesen Comment; R.Tamborini The Choice of a Monetary Policy Reaction Function in a Simple Optimizing Model; D.Henderson & J.Kim Comment; L.Bonatti Comment; F.Farina PART III: MONETARY REGIMES The New Political Economy of Central Banking; S.Eijffinger Comment; C.Bianchi Comment; M.Nabli A Return to the Convertability Principle? Monetary and Fiscal Regimes in Historical Perspective: the International Evidence; M.Bordo & L.Jonung Comment; G.Fodor Money and the Sovereignty of the State; R.Mundell Comment; D.Heymann Index of Names Subject Index

Über Autor(innen)

CARLUCCIO BIANCHI University of Pavia, Italy
LUIGI BONATTI University of Trento, Italy
MICHAEL BORDO Rutgers University, New Brunswick, USA
JOHN CROW former Chairman, Bank of Canada
SYLVESTER EIJFFINGER Tilburg University, Netherlands
FRANCESCO FARINA University of Siena, Italy
GIORGIO FODOR University of Trento, Italy
DALE HENDERSON Federal Reserve Board, Washington DC, USA
DANIEL HEYMANN United Nations Economic Commission for Latin America, Santiago, Chile
OTMAR ISSING Deutsche Bundesbank, Frankfurt, Germany
LARS JONUNG Stockholm School of Economics, Sweden
JINILL KIM University of Virginia, Charlottesville, USA
ROBERT MUNDELL Columbia University, New York USA
MUSTAPHA NABLI The World Bank, Washington DC, USA
LUIGI PASINETTI University of Sacre Cuoro, Milan, Italy
PEDRO POU Central Bank, Buenos Aires, Argentina
KUMIHARU SHIGEHARA Organization for Economic Cooperation and Development, Paris, France
LUIGI SPAVENTA University of Roma La Sapienza, Italy
ROBERTO TAMBORINI University of Trento, Italy
NIELS THYGESEN University of Copenhagen, Denmark