Central banking, monetary theory and practice
Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monet...
Main Author: | |
---|---|
Other Authors: | |
Format: | eBook |
Language: | English |
Published: |
Cheltenham
Edward Elgar Pub
2003
|
Series: | Essays in honour of Charles Goodhart
|
Subjects: | |
Online Access: | |
Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Summary: | Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monetary economics. Topics discussed include: central bank independence; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the implications of Goodhart's Law; the benefits of single versus multiple currencies; and money, near monies and credit 1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the loss function -- 5. Six practical views of central bank transparency -- 6. The phases of US monetary policy : 1987-2001 -- 7. UK monetary policy, 1972-97 : a guide using Taylor rules -- 8. Goodhart's law : its origins, meaning and implications for monetary policy -- 9. A cost of unified currency -- 10. Money and the monetization of credit |
---|---|
Physical Description: | xii, 292 p ill |
ISBN: | 1840646144 9781781950777 9781840646146 9781843768418 |