Measuring Central Bank Independence and Its Effect on Policy Outcomes

Measuring Central Bank Independence and Its Effect on Policy Outcomes PDF Author: Alex Cukierman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 76

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Book Description

Measuring Central Bank Independence and Its Effect on Policy Outcomes

Measuring Central Bank Independence and Its Effect on Policy Outcomes PDF Author: Alex Cukierman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 76

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Book Description


The Political Economy of Central-bank Independence

The Political Economy of Central-bank Independence PDF Author: Sylvester C. W. Eijffinger
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 100

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Central Bank Independence, Targets, and Credibility

Central Bank Independence, Targets, and Credibility PDF Author: Francesco Lippi
Publisher: Edward Elgar Publishing
ISBN: 9781782542971
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.

Monetary Economics

Monetary Economics PDF Author: Steven Durlauf
Publisher: Springer
ISBN: 0230280854
Category : Performing Arts
Languages : en
Pages : 384

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Book Description
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Central Bank Strategy, Credibility, and Independence

Central Bank Strategy, Credibility, and Independence PDF Author: Alex Cukierman
Publisher: MIT Press
ISBN: 9780262031981
Category : Business & Economics
Languages : en
Pages : 532

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Book Description
This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.

The Design and Use of Political Economy Indicators

The Design and Use of Political Economy Indicators PDF Author: K. Banaian
Publisher: Springer
ISBN: 0230616623
Category : Business & Economics
Languages : en
Pages : 219

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Book Description
This edited volume seeks to provide a critical and technical look at international political economic indices (PEIs). It examines measurement issues, relates PEIs to economic theory, and suggests better measures than those currently used.

The Evolving Role of Central Banks

The Evolving Role of Central Banks PDF Author: Mr.Patrick Downes
Publisher: International Monetary Fund
ISBN: 9781557751850
Category : Business & Economics
Languages : en
Pages : 476

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Book Description
Central Banks should enjoy a fair degree of autonomy in pursuing price stability to promote long-run growth and prosperity. This volume, edited by Patrick Downes and Reza Vaez-Zadeh, contains the papers presented at the fifth IMF seminar on central banking issues in November 1990. The theme was the interdependence of central bank functions and the role of central bank autonomy.

NBER Macroeconomics Annual 1995

NBER Macroeconomics Annual 1995 PDF Author: Ben S. Bernanke
Publisher: MIT Press
ISBN: 9780262522052
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Do Central Banks Need Capital?

Do Central Banks Need Capital? PDF Author: Mr.Peter Stella
Publisher: International Monetary Fund
ISBN: 1451850506
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument.