The Federal Reserve System, created in the early 20th century, is now more than a hundred years old. This book takes the reader through the founding and first century of Federal Reserve monetary policy, and uses the analysis of the past to address the present and future issues of central banking.
With its focus on the actual policies, rather than the politics or individuals that determined those policies, this book addresses issues that have plagued monetarists since the onset of the Great Recession. Then, it proceeds to discuss the issues that will affect the efficacy of policy in the future. This section of the book is relevant for all central banks as central bank behavior post the onset of the Great Recession was similar throughout the world.
The book presents an analysis of the path of inflation that puzzled the experts. It adds an analysis of central banking's ability or lack thereof to influence market interest rates. Lastly, it explains the current exploding crypto-currency craze, its potential to supplant traditional transactions media, and the future of these so-called currencies.
Автор: Niedzwiedzinska, Joanna Название: Inflation Targeting and Central Banks: Institutional Set-ups and Monetary Policy Effectiveness ISBN: 1032038276 ISBN-13(EAN): 9781032038278 Издательство: Taylor&Francis Рейтинг: Цена: 132710.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are significant differences in IT central banks` institutional set-ups, and-if yes-whether they influence the ability of monetary authorities to meet their policy goals.
Автор: Shirai Sayuri Название: Growing Central Bank Challenges in the World and Japan: Low Inflation, Monetary Policy, and Digital Currency ISBN: 4899742231 ISBN-13(EAN): 9784899742234 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 22170.00 T Наличие на складе: Нет в наличии. Описание: Growing Central Bank Challenges in the World and Japan offers insights for central banks looking to tackle the most pressing challenges under the global spotlight, starting with low inflation and its related impacts on unconventional monetary policy and policy coordination, including fiscal stimulus. It also provides important insights into issues related to central bank money, private money, the emergence of crypto assets, and the prospect of central bank digital currency.
Part I focuses on examining the persistently low inflation in advanced economies and reviews various unconventional monetary easing tools. It summarizes recent discussions on new monetary policy frameworks that could become alternatives to existing flexible inflation targeting, such as average inflation targeting and price-level targeting, as well as policy coordination, including helicopter money and modern monetary theory.
Part II sheds light on issues related to money, crypto assets, and central bank digital currency in advanced and emerging economies. It highlights the global rise in cash in circulation and gives an overview of the recent movements in private money, including bank deposits and e-money payment tools. It also examines the latest developments in crypto assets, including various types of “stablecoins” and Facebook's Libra, reviews central bank digital currency proposals, and discusses the recent views expressed by regulatory authorities while incorporating new perspectives based on the coronavirus disease (COVID-19) outbreak.
Автор: Vivek Moorthy Название: Applied Macroeconomics: Employment, Growth and Inflation ISBN: 9385909045 ISBN-13(EAN): 9789385909047 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 41580.00 T Наличие на складе: Невозможна поставка. Описание: Unlike traditional textbooks, this book develops a conceptual framework, historically and theoretically, for a growing economy. Based on simple models with numerical examples, it applies concepts from classical macroeconomics to interpret economic events and data in USA and India over several decades, and some other Asian economies also.
Автор: Michael Carlberg Название: Inflation and Unemployment in a Monetary Union ISBN: 3540793003 ISBN-13(EAN): 9783540793007 Издательство: Springer Рейтинг: Цена: 130430.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. It further gives a description of processes in a monetary union where different targets are pursued by various institutions.
Автор: Ndou Eliphas, Mokoena Thabo Название: Inequality, Output-Inflation Trade-Off and Economic Policy Uncertainty: Evidence from South Africa ISBN: 3030198057 ISBN-13(EAN): 9783030198053 Издательство: Springer Рейтинг: Цена: 65210.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book focuses on income inequality, output-inflation trade-off and economic policy uncertainty in South Africa. Income inequality transmits monetary policy and macroprudential policy shocks to real economic activity.
Contrary to the Quantity Theory of Money, which in its various forms, implies that increases in output of goods and services will, ceteris paribus, exert downward pressure on the general price level, Dr. Nwankwo in this book, argues that the growth of some components of output could accentuate, rather than dampen inflation. This phenomenon, which the author has termed 'Disaggregation Dissonance Hypothesis', states that while some components of the GDP may be inversely related to the price level, other components may be positively related to the price level. In addition, interaction between sectors, measured for example with the ratio of non-agricultural output to agricultural output, could also affect the price level. In view of these observations, the author argues that the practice based on the Quantity Theory of using aggregate output as an explanatory variable for the price level is defective and inappropriate and that the use of aggregate output in an empirical study is of limited relevance because it obscures a lot of the underlying influences which are necessary for understanding the structure and dynamics of inflation. He contends that a more appropriate approach will be to use disaggregated components of the GDP, as well as sectoral interaction variables in order to bring out the different ways in which the different components of the GDP impact inflation.
The author supports his thesis with an econometric investigation, using Nigeria's data from 1960 to 2011, which shows that when the GDP is split into agricultural and non-agricultural components, the former impacts the price level inversely, while the latter impacts the price level positively.
Автор: Sieron A Название: Money, Inflation and Business Cycles ISBN: 0367086654 ISBN-13(EAN): 9780367086657 Издательство: Taylor&Francis Рейтинг: Цена: 148010.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides the first systematic study of the Cantillon effect and its impact on the economy. The author classifies the various channels through which new money can be injected into the economy and shows that is not only the increase in money supply that is important, but also the way in which it occurs.
Автор: Bordo Michael D. Название: The Historical Performance of the Federal Reserve: The Importance of Rules ISBN: 0817922148 ISBN-13(EAN): 9780817922146 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 41580.00 T Наличие на складе: Невозможна поставка. Описание: Distinguished economist Michael Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy produces low and stable inflation, stable real performance, and encourages financial stability.
Автор: Hockley, G. C. (federal Reserve Bank Of Kansas City, Usa) Название: Monetary policy and public finance ISBN: 1138704903 ISBN-13(EAN): 9781138704909 Издательство: Taylor&Francis Рейтинг: Цена: 37760.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This title, first published in 1970, provides a comprehensive account of the public finance system in Britain. As well as providing a concise outline of the monetary system as a basis for the realistic understanding of public finance, the author also describes the pattern of government expenditure and revenue in the twentieth-century.
Автор: M.T. Belongia Название: Monetary Policy on the 75th Anniversary of the Federal Reserve System ISBN: 0792391241 ISBN-13(EAN): 9780792391241 Издательство: Springer Рейтинг: Цена: 158380.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Proceedings of the Fourteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
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