Download or read book Monetary Policy Rules written by John B. Taylor and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Download or read book Interest and Prices written by Michael Woodford and published by Princeton University Press. This book was released on 2011-12-12 with total page 805 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.
Download or read book The American Monetary System written by William H. Wallace and published by Springer Science & Business Media. This book was released on 2014-01-04 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.
Download or read book The European Central Bank between the Financial Crisis and Populisms written by Corrado Macchiarelli and published by Springer Nature. This book was released on 2020-08-25 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the handover from the European Central Bank President Mario Draghi to Christine Lagarde in November 2019, this book provides an in-depth analysis of the events which unfolded since the euro area sovereign debt crisis in 2010 up until today. The book focuses on the far-reaching implications of the last decade, shedding light on a wide spectrum of political, economic and financial aspects of the European poly-crises and how monetary policy reacted to these challenges. The book places particular emphasis on the tensions that the supranational central bank was subject to during this period, and on their outcomes in terms of the policies, their legitimacy, and their public reception. As such, this book will be relevant not only to understand the political implications of the past crisis but also, and foremost, in understanding "what is next".
Download or read book EU Fiscal Policy Coordination in Hard Times written by Charlotte Rommerskirchen and published by Oxford University Press. This book was released on 2019-01-24 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of economic cooperation in Europe during the Great Recession and the European Debt Crisis. Drawing on Mancur Olson's theory of collective action, this volume combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective action in times of crises: Free riding was not rife. Despite heated accusations, member states crisis policies matched their fiscal room for manoeuvre. The real collective action failure is instead diagnosed in the inability to sanction free riders at the EU level and empowering erratic bond markets to discipline governments.
Download or read book War at Any Cost written by United States. Congress. Joint Economic Committee and published by . This book was released on 2009 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Eliminate Unsound Competition for Savings and Time Deposits written by United States Congress. House. Banking and Currency Committee and published by . This book was released on 1966 with total page 860 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy in Transition written by M. Nikolic and published by Springer. This book was released on 2006-06-16 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms.
Download or read book Global War on Terrorism GWOT written by United States. Congress. House. Committee on Government Reform. Subcommittee on National Security, Emerging Threats, and International Relations and published by . This book was released on 2007 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global War on Terrorism GWOT accuracy and reliability of cost estimates hearing written by and published by DIANE Publishing. This book was released on with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Eliminate Unsound Competition for Savings and Time Deposits written by United States. Congress. House. Committee on Banking and Currency and published by . This book was released on 1966 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: H.R. 14026, a bill to prohibit insured banks from issuing negotiable interest-bearing or discounted notes, certificates of deposit, or other evidences of indebtedness.
Download or read book The Three Trillion Dollar War The True Cost of the Iraq Conflict written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2008-08-26 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals massive expenses associated with the Iraq War in a cautionary account that evaluates the war's long-term costs, both financial and human, as well as their consequences to taxpayers.
Download or read book Monetary Policy in Interdependent Economies written by Ioanna T. Kokores and published by Springer Nature. This book was released on 2023-10-04 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation. The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it. Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.
Download or read book Economic Policy Reforms 2011 Going for Growth written by OECD and published by OECD Publishing. This book was released on 2011-04-07 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Going for Growth 2011 highlights the structural reforms needed to restore long-term growth in the wake of the crisis. For each OECD country and, for the first time, six key emerging economies (Brazil, China, India, Indonesia, Russia and South Africa), five reform priorities are identified.
Download or read book Rebuilding the Global Economy written by Adam S. Posen and published by Peterson Institute for International Economics. This book was released on 2021-02 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: A special series outlining policy priorities and solutions in 2021 by the Peterson Institute for International Economics.
Download or read book Routledge Revivals Reactions to the Right 1990 written by Barry Hindess and published by Routledge. This book was released on 2017-02-17 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, this book was intended as a counter to the rising and continued strength of the New Right and an attempt to bolster the perceived weakness of the opposition — providing a critical discussion of New Right ideology and also of the more influential Left reactions to them. The contributors scrutinise the attempts to reconstruct the idea of socialism in the 1990s, and pinpoint the relation of socialism to freedom, equality and the market. In the course of this searching evaluation, they also take up issues relating more directly to specific policy areas such as monetary policy and international finance, secondary education, social welfare, and race relations.
Download or read book Struggling Amidst Plenty written by Subir Grewal and published by Subir Grewal. This book was released on 2020-03-28 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: By: Subir Grewal We can’t solve our economic problems until we venture upstream, where few go, to discover what the true problem is. Many people out there can sense something is deeply wrong with our system of money and finance, and that the effects of it are far-reaching. However, most also don’t know the full scope of it, and how to put it all into words, so we can diagnose the root cause and then set out to fix it. That’s where this book comes in. · Written by a financial industry veteran, C.P.A., and reformed owner of a degree in economics, who can’t bear to silently watch this flawed, outdated, and yet obscure system of money & finance crush humanity. · We go behind the curtain in monetary economics, with simple explanations in layperson’s terms on topics often thought to be complex. No background in economics is required. From this, the reader will gain financial and monetary literacy on the pressing problems of today, why the status quo in economics is unable to solve them, and what needs to change. · This is THE book on inequality and what drives it. We demystify the entire monetary/financial system, show how it’s rooted in arbitrary special privilege, and explain the math of how it systematically creates a society with major inequality. · Puts forth a comprehensive solution, fit for modern times, that could help solve inequality, high debt, and “too big to fail” all at once. These ideas come from actual economists with PhDs; the author is just a translator for the layperson. (The solution is not a gold standard, Bitcoin, or more government borrowing, either.) We’ll also get into why this solution has been systematically suppressed, and why it will be tough for economists alone to solve these problems for us. · This book is non-partisan and not married to any “ism.” You’ll see how many prominent people on BOTH the “Left” and “Right” have supported the solutions proposed. · You can download it for free. Payment is voluntary and suggested at $5.00 (it can be more/less.) No strings attached, no future e-mails. This is just about getting vital information out there.
