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Inflation Targeting and Financial Stability - Monetary Policy Challenges for the Future (Hardcover, 1st ed. 2019)
Loot Price: R594
Discovery Miles 5 940
You Save: R1,055
(64%)
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Inflation Targeting and Financial Stability - Monetary Policy Challenges for the Future (Hardcover, 1st ed. 2019)
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List price R1,649
Loot Price R594
Discovery Miles 5 940
You Save R1,055 (64%)
Expected to ship within 9 - 15 working days
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Since the financial crisis of 2008/09, the world's major central
banks have been struggling to return their economies to higher
growth and to reach their inflation targets. This concise book
analyzes the importance of central bank policies for the economy,
and specifically investigates the reasons why they have failed to
steer inflation as desired. The author, the Chief Economist at
Allianz SE, argues that, in an environment of great uncertainty
concerning the pass-through of monetary stimulus to the economy,
central banks should not focus too narrowly on inflation targets,
but should increasingly take the side effects of their actions into
account. In particular, he contends that they must seek to minimize
the risk of financial booms and busts in order to maximize
long-term growth and prosperity. Building on existing research and
contributing to the current debate, the book offers a valuable
reference guide and food for thought for policymakers,
professionals and students alike.
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