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Advances In Monetary Policy Design

Advances in Monetary Policy Design PDF

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Author: William A. Barnett
Publisher: Cambridge Scholars Publishing
ISBN: 144385333X
Size: 74.75 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 145
View: 2126

Book Description: In response to the recent financial crisis, many countries have initiated monetary stimulus packages. Maintaining proper measures of monetary aggregates is of particular importance for such economic policies. However, many central banks worldwide use the simple-sum monetary indexes, which ignore the liquidity characteristics of financial assets. Using the simple-sum indexes can produce misleading information, especially for broad monetary aggregates within which financial assets are not likely to be perfect substitutes. This book focuses on alternative economic stability indicators, and outlines the methods for constructing proper monetary and financial indicators – known as Divisia indexes. The Divisia monetary indexes are designed to measure accurately the liquidity in the economy by assigning different weights to different financial assets according to their usefulness in transactions. This book is highly relevant to economists interested in monetary policy and the construction of core inflation indicators and proper monetary indexes, in accordance with aggregation and index number theory. This book is the first to publish Divisia-based money supply indexes and core inflation indicators for the Gulf Cooperation Council (GCC) countries and for the Gulf Monetary Union. Researchers who use the financial data published by GCC central banks can use our indexes and findings to examine the interactions among the relevant macro-economic variables.


The Evolution Of Monetary Policy Strategies In Europe

The Evolution of Monetary Policy Strategies in Europe PDF

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Author: Aerdt C.F.J. Houben
Publisher: Springer Science & Business Media
ISBN: 9780792378693
Size: 34.73 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 358
View: 2680

Book Description: The Evolution of Monetary Policy Strategies in Europe provides a comprehensive review of the advances in European monetary policy-making over the past decades. This book examines the considerations that determine a central bank's monetary strategy and explains how these considerations have featured in recent European monetary history. In so doing, it establishes what European monetary policy-makers have learned (or should have learned) and how they learned it. At the same time, Aerdt Houben maps out the rich monetary traditions that now flow together in the new-born Eurosystem and provides important insight into a prime influence on the system's decision-making, that is, the participating countries' past experiences. The book's distinctiveness lies in its sweeping coverage of policy developments in the individual central banks of the European Union, its penetrating analysis of the country-specific learning curves and its balanced assessment of the viability of alternative monetary policy strategies, including the strategy recently adopted by the Eurosystem. It combines theoretical insights with an in-depth empirical study of monetary policy design in Europe, highlighting the specific features that have contributed to policy success or failure. While the subject of monetary policy strategy (especially that of the Eurosystem) is currently very topical, the book's detailed information on how monetary policy has actually been implemented in each of the 15 European Union countries makes it a useful reference work with a long life-span.


Understanding Affordability

Understanding Affordability PDF

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Author: Geoffrey Meen
Publisher: Bristol University Press
ISBN: 1529211867
Size: 26.14 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 304
View: 3840

Book Description: Written by two distinguished housing economists, this ambitious book tackles one of the most important socio-economic issues facing households today. Drawing from theoretical and empirical frameworks, the authors challenge conventional wisdoms in housing economics and policy and offer innovative recommendations to improve housing affordability.


Advances In The Social Sciences 1900 1980

Advances in the Social Sciences  1900 1980 PDF

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Author: John Platt
Publisher: University Press of Amer
ISBN:
Size: 55.97 MB
Format: PDF, ePub, Docs
Category : Social Science
Languages : en
Pages : 460
View: 1524

Book Description: This collection of essays is the result of a conference of renowned social scientists at the International Institute for Comparative Social Research of the Science Center, Berlin. The volume assesses an earlier research project by the editors entitled, "Conditions Favoring Major Advances in Social Science," examines these early research findings, and surveys new advances in the social sciences from 1960ó1980. Co-published with Abt Books.


Recent Advances In Economics

Recent Advances in Economics PDF

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Author: Rendigs Fels
Publisher:
ISBN:
Size: 15.12 MB
Format: PDF, ePub, Docs
Category : Economics
Languages : en
Pages : 346
View: 845

Book Description:


Monetary Bulletin

Monetary Bulletin PDF

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Author:
Publisher:
ISBN:
Size: 73.26 MB
Format: PDF, ePub
Category : Finance
Languages : en
Pages :
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Book Description:


Wenn Der Markt Regiert

Wenn der Markt regiert PDF

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Author: Marina Hübner
Publisher:
ISBN: 3593511541
Size: 58.80 MB
Format: PDF, ePub, Docs
Category :
Languages : de
Pages :
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Book Description:


Monetary Policy In Australia

Monetary Policy in Australia PDF

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Author: Kevin Davis
Publisher: Melbourne, Australia : Longman Cheshire
ISBN:
Size: 37.68 MB
Format: PDF
Category : Monetary policy
Languages : en
Pages : 379
View: 2777

Book Description:


Behavioural Macroeconomics

Behavioural Macroeconomics PDF

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Author: Paul De Grauwe
Publisher:
ISBN: 019883232X
Size: 43.52 MB
Format: PDF
Category : Macroeconomics
Languages : en
Pages : 272
View: 2678

Book Description: Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. Behavioural Macroeconomics: Theory and Policy uses a different paradigm. It assumes that individual agents experience cognitive limitations preventing them from having rational expectations. Instead these individuals use simple rules of behaviour. Behavioural Macroeconomics introduces rationality by allowing individuals to learn from their mistakes and to switch to the rules that perform better. It introduces the idea of endogenously generated "animals spirits" that drive the business cycle and are in turn influenced by it, and applies this model to shed new light on a number of important issues. It analyses the role of fiscal policy in stabilizing the economy while maintaining debt sustainability; expands the model to include a banking sector and show how banks amplify the booms and busts; and explains how animal spirits help to synchronize the business cycles across countries. The model set out in Behavioural Macroeconomics leads to very different policy implications from the mainstream macroeconomic model. It shows how policymakers have a responsibility to stabilize an otherwise unstable system.