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The Preparation of Monetary Policy - Essays on a Multi-Model Approach (Paperback, Softcover reprint of hardcover 1st ed. 2001)
Loot Price: R2,753
Discovery Miles 27 530
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The Preparation of Monetary Policy - Essays on a Multi-Model Approach (Paperback, Softcover reprint of hardcover 1st ed. 2001)
Series: Financial and Monetary Policy Studies, 35
Expected to ship within 10 - 15 working days
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Standard macroeconomic monographs often discuss the mechanism of
monetary transmission, usually ending by highlighting the
complexities and uncertainties involved in this mechanism.
Conversely, The Preparation of Monetary Policy takes these
uncertainties as a starting point, analytically investigating their
nature and spelling out their consequences for the monetary policy
maker. The second innovative aspect of this book is its focus on
policy preparation instead of well-covered topics such as monetary
policy strategy, tactics, and implementation. Thirdly, a general,
multi-model framework for preparing monetary policy is proposed,
which is illustrated by case studies stressing the role of
international economic linkages and of expectations. Written in a
self-contained fashion, these case studies are of interest by
themselves. The book is written for an audience that is interested
in the art and science of monetary policy making, which includes
central bankers, academics, and (graduate) students in the field of
monetary economics, macroeconomics, international economics and
finance.
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