Monetary policy strategy / Frederic S. Mishkin.

Format:

Book

Author/Creator:

Mishkin, Frederic S.

Language:

English

Subjects (All):

Monetary policy.

Physical Description:

x, 549 pages : illustrations ; 24 cm

Place of Publication:

Cambridge, Mass. : MIT Press, [2007]

Summary:

A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, empirical evidence, and extensive case studies.

Contents:

How did we get here?

Fundamental issues in the conduct of monetary policy

What should central banks do?

The transmission mechanism and the role of asset prices in monetary policy

The role of output stabilization in the conduct of monetary policy

Can central bank transparency go too far?

Is there a role for monetary aggregates in the conduct of monetary policy?

Rethinking the role of NAIRU in monetary policy : implications of model formulation and uncertainty

Monetary policy strategy in advanced economies

Introduction to part II

Central bank behavior and the strategy of monetary policy : observations from six industrialized countries

Inflation targeting : a new framework for monetary policy?

International experiences with different monetary policy regimes

Why the federal reserves should adopt inflation targeting

Monetary policy strategy in emerging market and transition economies

Introduction to part III

Inflation targeting in emerging market countries

Monetary policy strategies for Latin America

Monetary policy strategies for emerging market countries: lessons from Latin America

Inflation targeting in transition economies : experience and prospects

A decade of inflation targeting in the world : what do we know and what do we need to know?

The dangers of exchange-rate pegging in emerging market countries

The mirage of exchange-rate regimes for emerging market countries

What have we learned?

Introduction to part IV

Everything you wanted to know about monetary policy strategy, but were afraid to ask.

Notes:

Includes bibliographical references (pages [537]-538) and index.

ISBN:

9780262134828

0262134829

OCLC:

73993228